US bails out AIG Insurance – in exchange for 80% stake !

Well well, almost 1am, and some breaking news that BBC News is also about to release: The US Federal Reserve Bank “in full collaboration and with the support of the US Treasury Department” is going to throw a buoy out to AIG Insurance. Essentially, they’re offering a USD 85,000,000,000 (ok, $85B for the playas) protection […]