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November 11, 2008

Admin Boosts AIG Bailout by $40B
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In corporate bailout news, the Bush administration unveiled a new plan
Monday to inject more money into the insurance giant American
International Group. AIG will receive an additional $40 billion,
bringing its taxpayer tab to $150 billion so far. The new plan also
gives AIG more time to pay back the loan at a lower rate.



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