Thread: The Fed just bought AIG
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Old 09-17-2008, 11:53 AM   #18
Ronald Pagan
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Quote:
Originally Posted by HotHotHeat View Post
It's not a buyout, it's a 24 month, 11.5% interest loan.
Not exactly. AIG put up 79.5% equity as collateral. The Fed essentially owns AIG.
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