http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20081202&id=9417688
Today, AIG is asking for federal guaranty for its counterparty collateral requirements, further draining funds from Fed Reserve. The company is not allowed to go bankrupt, however, it will continue in its present form requiring government funds to cover its obligations. It needs to shed assets in order to raise funds.
Otherwise, when will this "suckin" vortex stop?
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