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Biggest Sub-Prime Loan Ever?

It appears that the US Government just committed the US taxpayers to making the biggest sub-prime loan ever in lending AIG ~$80 billion for a near 80% stake in the insurance giant? Why? Because AIG owns a lot of sub-prime and Alt-A paper contributing to their cash shortage. This very well could amount to the largest sub-prime loan ever.

[tags]sub-prime, AIG, FED[/tags]

This entry was posted on Thursday, September 18th, 2008 at 12:01 pm and is filed under Financial News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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