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AIG near deal on new terms of U.S. bailout: source (Reuters)

Posted on February 28th, 2009

In this Sept. 16, 2008 file photo, an American International Group office building is shown in New York. Nearly six months after American International Group Inc. got its first massive bailout from the government, it is still stumbling. Expectations are that AIG and the government will announce soon, perhaps as early as Monday, March 2, 2009, their latest plan to prop up the New York-based company. AIG has confirmed it will report its fourth-quarter earnings on Monday before the market opens. (AP Photo/Mark Lennihan, File)Reuters - American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.


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How To Stop Creditors: An Alternative To Filing Bankruptcy Posted By : Brian Anthony

Posted on February 28th, 2009
Many people want to learn how to stop creditors from harassing them but do not want the financial and emotional pain of bankruptcy. Due to this demand for an alternative to filing bankruptcy, several debt settlement techniques have been introduced into the market.

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AIG talks weigh securitizing life policies: source (Reuters)

Posted on February 27th, 2009

A man takes pictures of AIG Tower in Hong Kong February 27, 2009. Bids for AIG's Asian assets, including the Hong Kong-based life insurance group AIA, are due on Friday, according to other sources, who spoke with Reuters earlier this week on condition of anonymity. REUTERS/Bobby Yip (CHINA)Reuters - American International Group Inc may securitize some U.S. life insurance policies and have the interest rate on a government loan lowered, as talks continue to help the insurer deal with its financial problems, a source familiar with the matter said on Friday.


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Retirement: Test your financial planning IQ (AP)

Posted on February 27th, 2009
AP - The formula for a financially successful retirement used to be straightforward: Work for decades for one employer and then live happily ever after on the pension, Social Security and whatever personal savings you were able to amass.

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Consolidate Credit Card Debt with Government Debt Consolidation Loans Posted By : Tim Wright

Posted on February 27th, 2009
Government debt consolidation loans are helping a lot of people deal with crushing debt. Most people don't have a problem getting into debt, but they do have a problem getting out of it. Sometimes the debt is due to emergencies, other times it'simply a lack of self control when spending.

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Fannie Mae posts huge 2008 loss, seeks new bailout (AFP)

Posted on February 26th, 2009

A view of Fannie Mae headquarters is seen in Washington, DC. Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and asked the Treasury Department for a further 15.2 billion dollars in aid.(AFP/Karen Bleier)AFP - Troubled US mortgage finance giant Fannie Mae said Thursday it lost almost 60 billion dollars last year and expected to suffer more losses in 2009, and asked for a further 15.2 billion dollars in government aid.


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Fannie Mae seeks $15.2B in US aid after 4Q loss (AP)

Posted on February 26th, 2009
AP - Fannie Mae said Thursday it needs $15.2 billion in government aid — though that figure is expected to grow — because it lost nearly $59 billion last year as the foreclosure crisis mushroomed.

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