Author Topic: AIG gets 30 Billion more  (Read 389 times)

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Offline briann

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AIG gets 30 Billion more
« on: April 22, 2009, 12:13:22 PM »
http://www.foxnews.com/politics/2009/04/21/treasury-gives-nearly-b-aig-rescue-plan/

Treasury Gives Nearly $30B More to AIG Rescue Plan
The Treasury Department also says it added Bank of America Corp. and Countrywide Home Loans Servicing to its mortgage relief program.

AP

Tuesday, April 21, 2009

WASHINGTON -- The government has completed the transaction providing nearly $30 billion more in support to American International Group Inc., minus $165 million in controversial bonus payments.

The Treasury Department also says it added Bank of America Corp. and Countrywide Home Loans Servicing to its mortgage relief program. That means a total of nine companies are participating in the $75 billion effort.

The department also approved the applications for six more banks to participate in the $700 billion financial rescue program, bringing the total number of banks being helped to 553.