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Government provides record aid package to AIG
Monday, November 10th, 2008 @ 6:45 pm
S-Proprietor News Bulletin
Government provides record aid package to AIG
WASHINGTON (AP) — In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership….
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This news excerpt is provided by S-Proprietor.com with the help of a news wire. S-Proprietor.com is a website dedicated to offering business related articles and info for those looking to work at home or operate their own business
November 11th, 2008 at 4:08 am
The AIG bailout is small change and means nothing to the Fed. The Fed is transparent in that it is subject to the oversight of Congress. Is twice a year not fast enough? The intent of Congress in shaping the Federal Reserve Act was to keep politics out of monetary policy. Legislation requires that the Federal Reserve reports annually on its activities to the Speaker of the House of Representatives.
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