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Tuesday, September 16

AIG Gets Up to $85 Billion Loan From Fed as U.S. Takes Control

Sept. 16 (Bloomberg) -- "The Federal Reserve Board, with support of the U.S. Treasury, invoked emergency powers to lend up to $85 billion to American International Group Inc. to save the firm from collapse."
Link to article

A friend owns some shares of Prudential Financial which went up 8.5% today ( Couldn't figure out why until I saw the Bloomberg article. Now I know why, but what I'll continue to speculate about is how much head the Insurance Industry is going to give the Fed. 'Course, maybe the gubmint prefers the poopchuteroot.

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