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March 04, 2009 | Tconsoli | Comments 0 | Filed Under: DailyGovernmentNewsWall StreetWorld

$30 billion more for ailing AIG

Company at the center of the financial crisis had already received $150 billion. Confidence in federal bailouts may be waning.
Reporting from Los Angeles and Washington Martin Zimmerman — The government gave ailing insurer American International Group Inc. $30 billion more in loans Monday, renewing doubts about the effectiveness of federal bailouts and triggering another avalanche on Wall Street that pushed the Dow index below 7,000 for the first time in a dozen years.
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