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Insurance giant American International Group reported a stunning $62 billion quarterly loss. CNNMoney reports that to keep the company …
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Created March 4, 2008 by
Bailout outrage

Insurance giant American International Group reported a stunning $62 billion quarterly loss.

 

CNNMoney reports that to keep the company from cratering and causing broader fallout across the financial system, the government said it would overhaul its bailout of AIG.

 

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