Tab for Government Rescues Rises to $900 Billion (Reuters, via CNBC.com)
"The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the financial and housing sectors.The action brings the total tab for government rescues and special loan facilities this year to more than $900 billion."
Wednesday, September 17, 2008
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