Event
Rescue of AIG
The Federal Reserve lent AIG up to $85 billion on 16 September 2008.
- Dates
- 16 Sep 2008
Connections 4
involved
- American International Group Primary record 1
- Federal Reserve Primary record 1
- Federal Reserve Bank of New York Primary record 1
part of
- Financial crisis of 2008 Primary record 1
Timeline 1 date
- 16 Sep 2008 Rescue of AIG
Proof 1 source
-
Federal Reserve Board ... authorizes the FRBNY to lend up to $85 billion to AIG, Board of Governors of the Federal Reserve System, 16 Sep 2008.
Primary record
authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act.
a disorderly failure of AIG could add to already significant levels of financial market fragility
Page history 1 change
- Add the stories of the bomb and the crash of 20087f68c15
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