AIG Scrambles to Raise Cash, Talks to Fed

Insurer American International Group Inc., succumbing to relentless investor pressure that drove its shares down 31% on Friday – and another 41% on Monday – is pulling together a survival plan that includes selling off some of its most valuable assets, raising more capital and going to the Federal Reserve for help, people familiar with the situation said.

Webmaster's Commentary: 

Any money the Federal Reserve prints up and hands to AIG is on YOUR tab if AIG collapses without paying the loan off.

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