Tuesday, September 17, 2013

Financial crisis flashback: AIG bailed out, BofA focuses on 'Thundering Herd'

On this day five years ago, the markets were still digesting the government's emergency $85 billion bailout of insurance giant AIG. Meanwhile, Bank of America was turning its attention to keeping the "Thundering Herd" it would acquire from Merrill Lynch on board. And troubles were evident Washington Mutual.

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