Articles tagged with: CDS
Economy, Society & World »
It was announced yesterday that an additional $30 billion in government aid would be made available to AIG after they posted a $61.7 billion loss, the largest quarterly loss in history. They are not being handed the money yet but the Fed put it on the table so that the ratings agencies- who were on the verge of downgrading AIG’s rating, making what they do have useless- would back off.
