Friday, December 19, 2008

Tale of the first $350 billion - Dec. 19, 2008

Have you wondered where the first $350 billion went? Here is how CNN reports it:Tale of the first $350 billion - Dec. 19, 2008: ""..checks totaling $168 billion in varying amounts to 116 banks;...committed another $82 billion to capitalize more banks;... bought $40 billion in preferred shares of American International Group (AIG, Fortune 500) so the troubled insurer could pay off an earlier loan

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