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CNBC: AIG Needs More Money

Posted By Barry Ritholtz On February 23, 2009 @ 8:16 pm In Bailouts,Derivatives,Video | Comments Disabled

American Insurance Group, the insurance giant that is 80-percent owned by the US government, is in discussions with the government to secure additional funds so it can keep operating after next Monday, when it will report the largest loss in U.S. corporate history, CNBC has learned.

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Source:
AIG Seeks More US Funds As Firm Faces Record Loss [1]
David Faber,
CNBC 23 Feb 2009 | 07:18 PM ET

http://www.cnbc.com/id/29353282


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