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Global markets welcome AIG bail out

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09-17-2008, 05:16 PM

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Global markets welcome AIG bail out

Insurance giant, AIG, has been bailed out by the US Federal Reserve after an $85 billion (£48 billion) rescue package The news has been welcomed by global stock markets after two days of panic selling following the collapse of US investment banking giant, Lehman Brothers. There were fears that AIG was heading the same way after [...]

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