Solarbird (solarbird) wrote,
Solarbird
solarbird

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Still in process, but...

This is still in process, but it looks like the Fed is semi-nationalising AIG. It's not a true nationalisation since the Fed isn't quite the government, and isn't the treasury, but it looks awfully familiar. 80% ownership in exchange for US$85B in "loans."

I'd say "more to come" but I've got meeting tonight so can't; you're on your own.
Tags: economics
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