{"id":16,"date":"2008-10-08T17:07:00","date_gmt":"2008-10-08T22:07:00","guid":{"rendered":"http:\/\/blog.familyofgoldsteins.com\/?p=16"},"modified":"2008-10-08T17:07:00","modified_gmt":"2008-10-08T22:07:00","slug":"omfg","status":"publish","type":"post","link":"https:\/\/blog.familyofgoldsteins.com\/?p=16","title":{"rendered":"OMFG"},"content":{"rendered":"

You have GOT to be fucking kidding me… <\/font><\/p>\n

LET<\/font><\/p>\n

THEM<\/font><\/p>\n

DIE!!!<\/font><\/p>\n

\n

AIG hits up Fed for more money<\/strong><\/font><\/h3>\n

Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for additional funding.<\/font><\/h4>\n

By Tami Luhby, CNNMoney.com senior writer<\/font><\/p>\n

October 8, 2008: 5:52 PM ET<\/font><\/p>\n

NEW YORK (CNNMoney.com) — The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash.<\/font><\/p>\n

In exchange, AIG is giving the New York Fed investment-grade, fixed-income securities that it had previously lent out to other institutions for a fee. Those institutions are now returning these securities and want their money back.<\/font><\/p>\n

The new program, announced Wednesday, is on top of the <\/font>$85 billion the federal government<\/font><\/a> agreed to lend to AIG last month to prevent the global company from collapsing. AIG said last Friday it had drawn down $61 billion.<\/font><\/p>\n

The lending program is a way for AIG to get funding for its businesses, said a New York Fed spokesman. The system is similar to lending facilities the Fed provides to banks, which can also exchange collateral for cash.<\/font><\/p>\n

The latest announcement does not jeopardize the government’s ability to recoup its loan to AIG, experts said.<\/font><\/p>\n

"AIG will repay the loan," said Stewart Johnson, portfolio manager at Philo Smith, an investment bank specializing in insurance. "It’s just a matter of how much of themselves they will have to sell."<\/font><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

You have GOT to be fucking kidding me… LET THEM DIE!!! AIG hits up Fed for more money Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for additional funding. By Tami Luhby, CNNMoney.com senior writer October 8, 2008: 5:52 PM ET NEW YORK (CNNMoney.com) — The New York […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=\/wp\/v2\/posts\/16","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16"}],"version-history":[{"count":0,"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=\/wp\/v2\/posts\/16\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.familyofgoldsteins.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}