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American International Group, Australia guarantees bank deposits to combat crisis

Posted by James Breen at 12 October 2008 7:57

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CANBERRA (Reuters) - Australia will warrant all mound deposits for three years and security general funding to Australian banks in an shot to combat the overall status crisis, Australian Prime Minister Kevin Rudd said on Sunday. Australian will also make an very A$4 billion ($2.6 billion) open for advance-backed securities to help maintain liquidity for non-pile lenders, Rudd told reporters, adding the events were part of an international answer to the calamity. He said ..».

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American International Group: the insurance giant's scaffold hilarity gives bankers a laugh. News from WASHINGTON - Insurance giant American International Group, on the getting end of a multi-billion dollar bailout from the Federal Reserve, was difficult hard on Saturday to look on the clear elevation of life. "Credit markets do not serve. Why not, because the word repute comes from credibility, " AIG Vice Chairman Jacob Frenkel told a group of top overall bankers at a lively luncheon where he took ..[More].

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Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets By Dawn Kopecki Oct. 11 (Bloomberg) — Federal regulators directed Fannie Mae and Freddie mac to opening purchasing $40 billion a month of underperforming credit bonds as the Bush administration expands its options to buy tricky economic assets and resuscitate the U.S. cutback, according to three people briefed about the table. Fannie and Freddie began notifying join traders last week that each company desires to .. Keep Reading.

So far, so good.

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