Tuesday, November 11, 2008

U.S. Throws New Lifeline to AIG, Scrapping Original Rescue D

The U.S. government reached a deal Sunday night to scrap its original $123 billion bailout of American International Group Inc. and replace it with a new $150 billion package, according to people familiar with the matter. While the arrangement stands to considerably ease terms on the faltering insurer, it gives the government an unprecedented r...

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