The federal government announced a new, more expensive rescue yesterday of American International Group, becoming more enmeshed in the troubled insurance giant's business, as the company disclosed massive losses over the past three months.
The plan expands the current government bailout program for the third time -- from $123 billion to $152 billion. More significantly, it dramatically restructures the rescue to make it easier for AIG to repay U.S. taxpayers, and gives the company the gift of time to weather its financial storm.
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/10/AR2008111000502.html?hpid=topnews
