The American International Group said on Friday that it had already drawn down $61 billion of the $85 billion emergency bridge loan it received from the Federal Reserve two weeks ago, an announcement that startled credit ratings agencies.
So how many weeks before we have to re-bailout AIG? And given that the government already has warrants for 79.9% of their stock, what do they have to give in return?
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The American International Group said on Friday that it had already drawn down $61 billion of the $85 billion emergency bridge loan it received from the Federal Reserve two weeks ago, an announcement that startled credit ratings agencies.
So how many weeks before we have to re-bailout AIG? And given that the government already has warrants for 79.9% of their stock, what do they have to give in return?