Results tagged “emergencyfinancing”

CNBC reports "Under pressure from New York Governor David Paterson and AIG policyholders, the Federal Reserve is considering reversing its decision on Monday and providing some kind of financial aid to the troubled insurer." However, if there's no financing deal, the company could file for bankruptcy tomorrow. The Wall Street Journal has a Q&A about AIG, explaining why the company is in crisis and what the effects might be.