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Wednesday, February 15th, 2012

Posts Tagged ‘ SLVR ’

The Economy Will Plunge, Despite the AIG Rescue

Sep 18th, 2008 | By John Stepek | Category: Politics & Economics

It may have left interest rates on hold last night, but the Federal Reserve isn’t done dishing out money. Just days after leaving Lehman Brothers to collapse, the Fed has ditched its concerns about moral hazard and stepped in to bail out insurance giant AIG, to the tune of $85bn.