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Interim Assistant Secretary for Financial Stability Neel Kashkari said today's announcement of the expanded AIG Bailout is necessary for market stability. Delivering remarks at the Securities Industry and Financial Markets Association's Summit on the Troubled Asset Relief Program, Kashkari said...
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The U.S. Treasury has revised its loan agreement with U.S. insurance company AIG , adjusting the terms of the loan to function under the Troubled Asset Relief Program. "These new measures establish a more durable capital structure, resolve liquidity issues, facilitate AIG's execution of its...