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- AIG gets record aid package - Pottstown Mercury
www.pottstownmercury.com
WASHINGTON — In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership. The action ...
- Bailout isn't just for Wall Street anymore (Lexington Herald-Leader)
www.kentucky.com
After a bruising battle to get it through a doubting Congress, the Bush administration's $700 billion Wall Street rescue plan to purchase distressed mortgages and other bad assets has morphed into something else entirely. Today the Emergency Economic Stabilization Plan, signed by President Bush on Oct. 3, involves the government taking direct equity stakes in banks, and at least one bank used ...
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www.freep.com
Detroit Public Schools won't have to live under a state-appointed financial manager, at least for now. Instead, a state committee will allow the district to sign a consent agreement, letting it retain control of its own finances under stringent conditions.
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www.680news.com
WASHINGTON - The U.S. federal government has provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership. The action announced Monday by ...