First, the hard news from high finance. ABC's Betsy Stark told us about daylong meetings hosted by the New York Federal Reserve as the Treasury Department tried to convince Goldman Sachs, an investment house, and JP Morgan, a bank, "to offer AIG a line of credit big enough to keep its business going. But they refused." Why was it so important to find those funds? "Because AIG does business with every major financial institution and in 130 countries. When a bank makes a loan to another bank or company, AIG insures those loans," explained CBS' Anthony Mason. "If it goes bankrupt, banks will be forced to come up with capital or call in the loans." Funnily enough NBC, which made such an extra effort on the financial crisis in partnership with CNBC on Monday, went into least detail on the AIG story. CNBC's Carl Quintanilla concluded by informing us that "talks about a potential rescue package between AIG, banks and the government remain very unclear."
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