The federal government agreed Tuesday to make an emergency loan of $85 billion to American International Group in exchange for a nearly 80 percent equity stake in the company.
Why did the Federal Reserve act to save AIG and what does it mean?
» E-Mail This » Add to Del.icio.us
Fed's AIG Takeover 'Like French-Style Capitalism'
The Federal Reserve said Tuesday it would lend American International Group $85 billion to help stave off a financial crisis worldwide. In return, the government gets a major stake in the...
Palestinian Philosopher's View Of Gaza
Ari Shapiro talks with Palestinian philosopher Sari Nusseibeh about the fighting in Gaza, and what it means for prospects for an independent Palestinian state. Nusseibeh, who is president of...
CES Touts Latest Electronic Auto Gadgets
The Consumer Electronics Show opens Thursday in Las Vegas. The keynote speech is from Alan Mulally, CEO of Ford. While the auto industry is hurting, vendors at the show hope consumers might...
Frogs Pipe Up After Australian Desert Downpour
Morning Edition visits an ephemeral pond in the Australian desert, where a sudden downpour has flushed out 11 species of frogs. In their chorus, they signal to mates and mark territory. The...
Outsourcing Giant Admits Cooking The Books
The chairman of one of India's largest technology outsourcing companies has resigned after admitting the company's profits had been inflated for several years. The scandal at Satyam Computer...
Post new comment