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• Global industrial banks and financial support financial institutions would have sustained losses for the loans and you will lines of credit in order to AIG as well as on derivatives deals and other transactions, possibly resulting in even greater limitations towards method of getting borrowing from the bank so you’re able to home owners and you can companies.
• Rely on in other insurance agencies has been affected, resulting in a potential run on a.

Even with use of this type of additional credit organization, AIG continued to stand severe exchangeability pressures related to losings toward home-based mortgage-recognized bonds, and its contact with Dvds deals

Considering the uncommon and you may exigent facts at that time, new potentially far-interacting with consequences regarding a keen AIG bankruptcy required policymakers when deciding to take definitive step so you can intervene.

While doing so, towards the the conclusion , four AIG associates first started engaging in the latest Federal Reserve’s Industrial Papers Money Facility (CPFF) on the same conditions and terms since other players regarding program.A New CPFF program finished within the instead incurring any credit loss.

The brand new Board regarding Governors and the U.S. (más…)