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NEW YORK - The Federal Reserve is close to a deal to take an 80 percent stake in American International Group in exchange for an $85 billion loan, according to sources familiar with the negotiations.
AIG’s failure could open the ugliest chapter yet of the financial meltdown.
“The glimmer of hope has turned into a ray of hope,” said the person, who asked not to be named because of the sensitive nature of the talks to help AIG.
Originally posted by DimensionalDetective
The ENTIRE monetary system we have been running for AGES is an absolutely FRAUDULENT ENTERPRISE. Your "money" is worth NOTHING--it never was! It is nothing more than a promisary note of DEBT to the Criminal Central Banking establishment, which cooks these worthless I.O.U.'s out of thin air. It is the biggest scam ever perpetuated to keep us all in perpetual tax and debt servitude. Most of the entire world is clueless to this.
Originally posted by indigothefish
anybody know the long term and the short term reprocussions of this action will be?