Posts Tagged ‘ Cavuto ’

(VIDEO) Ron Paul on US expands AIG Record Bailout

WASHINGTON (AFP) — The US government announced Monday an expanded bailout for insurance giant AIG of more than 150 billion dollars, as the Treasury tapped into emergency funds originally set for banks.

The latest bailout plan, the largest in US history, came as AIG burned through billions of dollars of cash and reported a third-quarter loss of 24.47 billion dollars.

The original Federal Reserve rescue of 85 billion dollars in mid-September, at the time the largest in corporate history, was expanded by 37.8 billion dollars just a few weeks later, and involved the government acquisition of a 79.9 percent stake in the troubled insurer… US expands record bailout of insurance giant AIG

Ron Paul on Fox Business with Neil Cavuto discussing bailout (11/10/08)