Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

In Memory of Jean-Karim Fall, 1958-2017

Read more

MEDIAWATCH

Bad diplomacy, brawls & bromance

Read more

ENCORE!

Cannes 2017: Pitch Perfect's Brittany Snow becomes an urban warrior

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 1)

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 2)

Read more

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

Read more

ENCORE!

Cannes 2017: Stars dig deep at AIDS gala dinner

Read more

Government to sweeten AIG bailout package

Text by AFP

Latest update : 2008-12-09

The US government is likely to pour more money into troubled insurer AIG and ease lending conditions, media report. The initial $123 billion deal could be replaced by a $150 billion package.

The US government and giant troubled insurer American International Group are near a deal to replace AIG's original 123-billion-dollar rescue package with a new 150-billion-dollar deal, The Wall Street Journal reported on its website late Sunday.
  
Citing unnamed people familiar with the matter, the newspaper said the proposed new bailout package would considerably ease terms on the company.
  
Details of the revised deal could be announced as soon as Monday, the report said.
  
Under the terms of the deal under discussion, the government would give AIG more money, including 40 billion dollars from the Treasury's 700-billion-dollar Troubled Asset Relief Program approved by Congress, The Journal said.
  
It would also demand less interest than on the original loan, according to the report.

Date created : 2008-11-10

COMMENT(S)