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AIG, knowing it would need to ask for much more capital from the Treasury imminently, decided to throw in the towel, and gifted major bank counter-parties with trades which were egregiously profitable to the banks, and even more egregiously money losing to the U.S. taxpayers, who had to du...
ABC News In a Christmas Eve announcement, the US Treasury Department said that it would extend unlimited financial assistance to Fannie Mae and Freddie Mac, ... US extends guarantees on Fannie, Freddie through 2012AFP
Thu, Dec 24 | from TopNews United States