The Economy Will Plunge, Despite the AIG Rescue
Sep 18th, 2008 | By John Stepek | Category: Politics & EconomicsIt 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.