The Federal Reserve has bailed out American International Group (AIG) and now owns nearly 80% of the ailing insurance giant.
And the AP says the Feds are currently trying to organize a buyout of Washington Mutual, which has been among the lenders hardest-hit by the mortgage crisis.
The Financial Times notes that AIG paid its chief executive about $61 million when it fired him earlier this year, after he had lost them more than $30 billion.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment