Posted by: Sursab September 17, 2008
ANOTHER ONE BITE THE DUST
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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?
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