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US trio lead on AIG's $85bn Government bailout

Author: Zach Lowe

17 Sep 2008 | 18:19 | secure

Details are slowly leaking out about how close AIG came to following Lehman Brothers into bankruptcy, only to have the Federal Reserve Bank of New York bail it out with an $85bn (£47.5bn) loan. Davis Polk & Wardwell represented the Treasury Department and the Federal Reserve on the deal, according ...

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