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'people Are Scared To Death': Stocks Plunge; Investment Banks ... - New York Daily News
the new york stock exchange saw stocks plunge again. the government's stunning bailout of insurance giant aig failed to soothe spooked traders wednesday: stocks plummeted 450 points and investors began gobbling up gold and silver. shares of the last ...
www.nydailynews.com

Aig Gets $85 Billion Fed Loan, Cedes Control To Avoid Collapse
sept. 17 (bloomberg) -- american international group inc. averted the worst financial collapse in history by accepting an $85 billion federal loan and giving the government a majority stake.
www.bloomberg.com

Aig Gets $85 Billion Fed Loan, Cedes Control To Avert Collapse
sept. 16 (bloomberg) -- american international group inc. avoided the worst financial collapse in history by accepting a rescue that provides an $85 billion loan from the federal government in return for a majority stake.
www.bloomberg.com

When The Bust Comes - Forbes
here's as close to an empirical law of government behavior as you'll ever get: when government financial officers--like treasury secretaries, finance ministers and central-bank chairmen--stand at the edge of the cliff of market panic and stare down ...
www.forbes.com

U.s. Market Plunges To Second Worst Day Of Year - Cnn
(cnn) -- major u.s. stocks slumped wednesday as an emergency loan to one of the world's biggest companies stoked fears about the health of financial markets. traders on the new york stock exchange saw big losses wednesday especially in financial ...
www.cnn.com

Credit Crisis: Just How Bad Can It Get?
richard lambert, cbi director-general
www.independent.co.uk

How To Land A Bank Loan
kenneth barnett knows the frustrations of striking out in the loan game. in the last six months, he's been pitching his profitable, four-year-old underwater lighting manufacturer aqua lights to banks near his headquarters in alpharetta, ga. itching to grow, the ceo is looking to borrow $500,000 in expansion capital to develop his product line and build out his staff.
money.cnn.com

Us Investor Anxieties Intensify - Financial Times
us stocks took scant comfort from the government’s historic rescue of american international group as investor anxiety intensified over near unprecedented turmoil in the financial system. led by the financial sector, which fell 8.9 per cent, the ...
www.ft.com

Factbox: Key Facts On American International Group - Reuters
(reuters) - u.s. authorities on tuesday put together an emergency $85 billion rescue of insurer american international group inc to stave off a possible bankruptcy, and avoid throwing world markets already shaken by the deepening credit crisis into ...
www.reuters.com

$85 Billion Fed Loan Rescues Aig
the federal reserve will loan insurance giant american international group inc. $85 billion to finance the company's liquidation over the next two years.
www.pittsburghlive.com

Another Bailout: Government Loans Aig $85 B
the federal government agreed tuesday to make an emergency loan of $85 billion to american international group in exchange for a nearly 80 percent equity stake in the company. why did the federal reserve act to save aig and what does it mean?
www.npr.org

Morgan, Goldman Shares Plunge As Fears Rise - Cnbc
some seek agency to buy bad debt as long-term answer new sec short-selling rules vow 'zero tolerance' treasurys stage rally as stocks resume plunge bank of england extends liquidity window spreading financial crisis spooks global markets philip ...
www.cnbc.com

Bailouts - The New Rate Cuts - Cnn Money
new york (cnnmoney.com) -- the federal reserve, we are often told, has a dual mandate: to promote stable prices and maximum employment. well, it looks like the fed now has a third mandate that trumps the other two: putting out the fires raging on ...
money.cnn.com

Another Bailout: Government Loans Aig $85 B
the federal government agreed tuesday to make an emergency loan of $85 billion to american international group in exchange for a nearly 80 percent equity stake in the company. npr's john ydstie talks with renee montagne about why the federal reserve acted to save aig and what it means.
www.npr.org

Will Aig Plan Cost Taxpayers Money, Or Just Sleep?
american taxpayers awoke wednesday to learn they may end up owning one of the world's largest insurers. they might now lose some sleep wondering whether the government's $85 billion loan to american international group was a wise investment.
news.yahoo.com

Stocks Finish At 3-year Low On Bank Panic - Cnbc
wall street suffered another beating wednesday at the hands of investors panicking over the state of large banks, as they flocked from stocks and sent safe-haven areas like gold soaring. stocks hit a three-year low amid swelling lack of confidence ...
www.cnbc.com

U.s. Looks To Liddy For Safe Hands On Aig - Guardian Unlimited
new york, sept 17 (reuters) - the u.s. government is betting former allstate chief edward m. liddy is the safest pair of hands to oversee the dismantling of american international group inc and prevent further unraveling of the world's stressed ...
www.guardian.co.uk

U.s. Market Plunges To Second Worst Day Of Year
major u.s. stocks slumped wednesday as an emergency loan to one of the world's biggest companies stoked fears about the health of financial markets.
www.cnn.com

Proassurance Discloses Credit Exposures
birmingham, al.----proassurance corporation today announced it holds the following exposures related to financial institutions recently in the headlines: issuer amortized cost andinvestment type lehman brothers $ 21.6 million senior notes federal home loan mortgage corp. $ 1.0 million preferred stock federal national mortgage association $ 8.9 million preferred stock aig and subsidiaries $ 2.8 ...
biz.yahoo.com

Fed Eschews Markets, Picks Winners And Losers In Aig, Lehman - Bloomberg
sept. 17 (bloomberg) -- the federal reserve's decision to take over american international group inc. put it back into the game of picking winners and losers only two days after it left lehman brothers holdings inc. to bankruptcy. the unrelenting ...
www.bloomberg.com