Published on Tue, Sep 16, 2008 at 19:41 | Source : CNBC-TV18
Updated at Wed, Sep 17, 2008 at 08:51
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
AIG allowed to access $20 bn capital from arms
Governor Paterson has announced a multi-billion dollar plan to stabilise AIG, reports CNBC-TV18. The company has received permission to access USD 20 billion of capital from subsidiaries.
New York Governor David Paterson has announced a multi-billion dollar plan to stabilise AIG, reports CNBC-TV18. The company has received permission to access USD 20 billion of capital from subsidiaries.
He said AIG's problem is a reminder that Wall Street's problems are far from over. "About 30,000 lay-offs on Wall Street is a worst case scenario."
New York Governor 
