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October 9, 2008 · 5:10AM

Fed Expands AIG Bailout, Injects $37.8B

The Federal Reserve said Wednesday that it will provide a $37.8 billion loan to American International Group to help it improve the liquidity of its securities lending business. The measure follows an $85 billion lifeline the Federal Reserve extended to the insurer in September. (NYT)

Categories: Business & Finance Today · Financial Services

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