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The Federal Reserve says the U.S. government has agreed to provide an $85 billion emergency loan to rescue the huge insurer AIG. The Fed says the U.S. Treasury Department is in full support of the decision. (Sept. 16)
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With anxieties still running high even after the government bail out of AIG, the Dow Jones industrial average dropped more than 300 points in midday trading. (Sept. 17)
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Washington Mutural Mortgage Holdings Dragged Down by Embrace of Option ARMs; AIG Shares Plunge, Seeks Capital; According to Fox-Pitt Kelton, Goldman Sachs and Morgan Stanley Have Most to Gain from Lehman Bankruptcy; Merrill Lynch Analyst Downgrades Both G