Tag Archives: AIG

2008/09/17

Bailouts of Americas Crumbling Banks Bloodbath Panic Selling

The government abruptly announced an $85 Billion USD Federal Reserve Loan to BAILOUT insurance giant AIG. AIG FP lost more than $10 billion in 2007, and $14.7 billion in the first six months of 2008. AIG agrees to repay the … Continue reading →

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Filed under American Economy, Dead, Finance, Loser, Ron Paul Revolution, Self Help, US Politics, Wall Street DowJones, World Events

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2008/09/16

Wall Street Worst Day in 7 Years Black Monday Lehman AIG ML

 Wall Street had its worst day down 504 points, Black Monday, since after the September 11 attacks as financial instability surged after Lehman Brothers filed for bankruptcy and insurer AIG struggled for survival while Merrill Lynch ML accepted a takeover bid from Bank of America. … Continue reading →

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Filed under Dead, Finance, Loser, Self Help, US Politics, World Events

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