UK Mortgages rates and deals

March 2, 2009

AIG failure would still be disastrous for global markets

Filed under: Bridging Finance — Phill Taylor @ 12:11 pm

NEW YORK (Reuters) - A revised bailout of American International Group may be just another “band-aid” solution, but more than five months after it was first rescued by the government the option of letting the insurer fail would still be considered too big a shock to already fragile global markets.

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