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Last updated: 00:08:47 Tuesday Nov 17, 2009


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  • Watchdog: Gov't may have overpaid to bail out AIG
    WASHINGTON - Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.   People:Timothy Geithner   Activities:2008 AIG Crisis   2009-11-16

    Rush to bail out AIG led to higher costs: audit
    WASHINGTON (AFP) - The Federal Reserve's haste in bailing out AIG last year forced the US government to come up with tens of billions of dollars more for the insurance giant's counterparties, auditors said.   People:Timothy Geithner   Source:(AFP)   2009-11-16

    Americans may be settling into spending less
    NEW YORK - Americans spent about the same amount in October as in August and September, according to figures released Thursday by a key data service, and they may be settling into new low-spending habits.   Source:(AP)   2009-11-12

    The Starting Point: Swift victory and a bomb-sniffing dog
    The Starting Point is a snapshot of the news stories that occurred overnight. Look for updates throughout the day on Yahoo! News and in the news box on Yahoo.com.   Nations:Afghanistan Saudi Arabia Mexico   People:Ryan Gosling Sammy Sosa Larry Page Sergey Brin Ben Bernanke Barack Obama   2009-11-12

    Fed officials see choppy recovery for U.S. economy
    AUSTIN/ATLANTA (Reuters) - High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.   Nations:U.S.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-11-10

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