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US Federal Reserve Bank reinsures AIG

You might call it a shotgun nationalisation. Let’s hope it works.

Who are AIG – how much of the western financial world did they insure?

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  • E.Z. Rider September 17, 2008, 5:11 pm

    How can the “Federal” Reserve Bank act apart from the U.S. Federal Government as if it is a separate entity?
    Is it a privately or publicly held corporation?
    This appears not to be nationalization, but rather an exposure of what might never have been nationalized.
    E.Z Rider

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