AIG reportedly may get loans from Fed
By Alistair Barr
Last update: 3:02 p.m. EDT Sept. 16, 2008
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SAN FRANCISCO (MarketWatch) -- The Federal Reserve is considering extending a loan package to American International Group (AIG (http://www.marketwatch.com/quotes//aig): American International Group, Inc
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<IMG class=pixelTracking height=1 width=1 border=0>AIG (http://www.marketwatch.com/tools/quotes/quotes.asp?symb=AIG) 4.05, -0.71, -14.9%) , Bloomberg News reported on Tuesday, citing an unidentified person familiar with the negotiations. AIG has been hammered by derivatives exposure to the housing bust and mortgage meltdown. Ratings downgrades have left it struggling to raise capital in private markets. Without government support, the giant insurer may have to file for bankruptcy. With roughly $1 trillion in assets and a huge derivatives business, some analysts worry such a collapse may trigger the demise of other financial institutions. AIG shares fell 12% during afternoon trading. They were down more than 50% earlier. http://i.mktw.net/mw3/News/greendot.gif