The Welfare for the rich and the too big to fail continues
March 17 (Bloomberg) -- Bloomberg's Dan Kraut talks with Erik Schatzker about American International Group Inc.'s decision to draw $2.2 billion from a Treasury Department facility. AIG used the cash to redeem securities held by insurance subsidiaries, improving liquidity and a measure of capital adequacy watched by rating firms and regulators, according to a company spokesman. The New York-based company owes more than $70 billion on Federal Reserve and Treasury facilities.
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