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NOT A SUBSCRIBER?No end in sight for bailoutsPosted on March 3, 2009 11:34 AM
Will the bailouts of American Insurance Group Inc. and Citigroup Inc. ever end? On the heels of the third bailout for each of the troubled financial institutions, additional federal interventions can't be ruled out, according to analysts -- even those who have supported the government's efforts to shore up the institutions.
AIG on Monday announced it will receive a new $30 billion round of government aid after it lost more than $60 billion in the fourth quarter. On Feb. 27, the government agreed to increase its holding of common equity in Citi to as much as 36% by converting preferred shares issued through the federal Troubled Asset Relief Program to common shares in a bid to stabilize the banking giant. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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