American International Group (AIG) announced a securities-lending deal with the Federal Reserve Bank of New York late Wednesday that allows the troubled insurance holding company to get a second cash infusion of up to $37.8 billion in exchange for loaning that much in securities from its life subsidiaries to the New York Fed.The arrangement, which AIG described in a statement as being carried out on "an overnight basis," provides cash to AIG on top of the $85 billion credit line it received from the Federal Reserve Bank of New York in exchange for a 79.9% stake in the company on Sept. 16.New Y...
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