After AIG rescue, Fed may find more at its door

flipper58 RSS / 17.09.2008. u 11:37

http://www.reuters.com/article/idUKN1644235820080917?virtualBrandChannel=10112&pageNumber=3

"Fed officials said that they needed to act because of AIG's extensive involvement in financial markets. Through its insurance, risk and asset management businesses, AIG has dealings with many thousands of companies all over the world, so a bankruptcy would have had huge global repercussions.

RBC Capital Markets analyst Hank Calenti pegged the market impact of an AIG failure at more than $180 billion, or about half of the total capital that financial firms have raised since the beginning of the credit crisis last year."



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