AIG seals $85bn Fed bail-out; hands 80 percent control to state
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AIG seals $85bn Fed bail-out; hands 80 percent control to state

24 September 2008
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American International Group Inc (AIG) has signed an agreement to take the two-year, $85bn loan facility with the Federal Reserve Bank of New York, which includes the issue of convertible preferred stock that effectively hands the state 79.9

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