Tuesday, March 10, 2009

AIG Told US Failure May Cripple Banks, Money Funds - Bloomberg

AIG Told US Failure May Cripple Banks, Money Funds

Bloomberg

Life insurance customers, their faith shaken in the industry, would redeem some of their $19 trillion in US policies, overwhelming firms already weakened by the credit crisis, AIG said. The $38 billion in support provided by the firm to money- market ...

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