Posted by: Sursab September 17, 2008
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AIG will receive a bridge loan of $85bn to
keep it afloat until it could dispose of billions of dollars in assets.
The loan is expected to be repaid by the proceeds of
selling AIG operating companies. The most
likely outcome will be an orderly liquidation of AIG, though it is
possible that the firm can survive as an ongoing business (ray of hope).
I can see American economy in trouble.............isn't it?
I can see American economy in trouble.............isn't it?