NU Online News Service, Dec. 2, 3:51 p.m. EST
American International Group was the apparent biggest user of the Federal Reserve Board's short-term lending facility after it ran into financial trouble starting in September 2008, according to documents released by the Fed Wednesday.
According to the Fed data, some of which has been disclosed by AIG in various securities filings, AIG started using the Fed's Commercial Paper Funding Facility in late October 2008, and used it for short-term funding while the regular markets were closed to it 90 times over 15 months.
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