"For all of 2008, AIG lost $99.29 billion, wiping out profit dating back to the early 1990s.
"The Fed and the Treasury said AIG, which has counterparties around the globe, was so important to the U.S. economy and financial system that it needed more help.
"'This will take time and possibly further government support if markets do not stabilize and improve,' they said in a statement."
Monday, March 2, 2009
AIG gets new aid after record $61.7 billion loss | Reuters
AIG gets new aid after record $61.7 billion loss | Reuters:
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