Eugene David
...The One-Minute Pundit

Tuesday, September 16, 2008


The loan, which is for 24 months, is expected to be repaid from the proceeds of the sale of the firm’s assets, the statement said. “The loan is collateralized by all the assets of A.I.G., and of its primary non-regulated subsidiaries, and of its primary non-regulated subsidiaries.”

The contagion seems to be spreading.

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