Next Up: Will The Fed Help AIG?
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Aig, Bailout, Bailouts, Banks, Credit Crisis, Economy, Federal Reserve, Henry Paulson, Insurace, Lehman Brothers, Merrill Lynch,
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Wall Street Journal:
It's one fire after another for the Federal Reserve. As it sought to address the Lehman Brothers crisis over the weekend, the next big problem became insurer American International Group, Inc., which is reaching out the central bank for a loan.
The request raises a host of questions, but the three most important are: Can the central bank lend to AIG? Will the Fed do it? And should it?
First Posted: 09-15-08 08:41 AM | Updated: 10-16-08 05:12 AM