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Tag Archives: bailout

AIG severs final bailout link with Treasury

WASHINGTON — The Treasury Department has sold its remaining warrants in American International Group Inc., severing its final financial link to the insurance company that got the government’s biggest bailout of the 2008 financial crisis. Treasury received approximately $25 million ...

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AIG board weighing joining suit against US

NEW YORK — American International Group Inc. said Tuesday its board of directors will weigh whether to take part in a shareholder lawsuit against the government over its $182 billion bailout of the insurer. If AIG decides to join the ...

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Taxpayers still owed $132.9B from bailout: report

WASHINGTON — A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in ...

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Large US banks must report to regulators

WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 to approve the rules ...

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Gov’t panel issues mixed final verdict on bailouts

WASHINGTON, D.C. — The government's bailout of banks, auto makers and insurers helped prevent a more severe economic crisis, but might have sowed the seeds of the next one, a congressional watchdog group said Wednesday in its final report.

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Freddie Mac posts $4.1B loss for Q3

WASHINGTON, D.C. — Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid — substantially less than the $1.8 billion it sought in the second quarter.

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AIG repaying nearly $4B in federal loans

WASHINGTON, D.C. — In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

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