Relevant:
- Freddie Mac profit jumps; will pay U.S. Treasury $4.4 billion | Reuters
- Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake
- Paulson Stresses $250 Billion Buy Was No Nationalization
- Global Financial Seizures Continue, Gold Soars
- 32 States Borrow $37.8 Billion Total to Make Unemployment Payments; CA Tops List at $6.9 Billion; Bill to Extend Benefits Until DEC in Congress
2008-09-17 — blogspot.com
``In light of the Fed sponsorship of AIG to the tune of $85 billion or more at taxpayer risk (See Nationalization of AIG: Treasury to get 80% stake in return for $85 billion), inquiring minds just might be asking "By what authority can the Fed lend to insurance companies?"''
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