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Monday, September 15, 2008

AIG - JPM and GS to the rescue! The Government asks Goldman Sachs and JPM Morgan for Help!

CNBC is reporting that the Goverment is out asking Goldman Sachs and JP Morgan to lead a lending facility of $70-$75 billion for AIG.

The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.