New Overnight Developments Abroad: AIG Rescued By $85 Billion Bridging Loan From Fed
September 17, 2008
Money markets in Asia remained tight despite the bailout of AIG by the Fed. The Bank of Japan ($28.6 billion), Reserve Bank of Australia ($3.4 bln) and Reserve Bank of India ($1.0 bln) injected liquidity. A professor from China called the global financial system “ruptured beyond repair.” The dollar is mixed. It rose 0.3% against [...]
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