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The First Draft: another day, another $30 billion

Started by staff, March 02, 2009, 04:09:43 PM

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staff

The First Draft: another day, another $30 billion
      


It’s not yet 9:00 on a Monday morning, and the federal government has already dumped another $30 billion into the tottering financial system. The money goes to insurer American International Group Inc., which just announced a fourth-quarter loss of $61.7 billion — the largest quarterly loss in corporate history.
For those keeping score at home, [...]
         

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