September 19, 2008
Crowdsourcing the Legality of the Federal Bailout of AIG
On Legal Blog Watch, Carolyn Elefant surveys the issues presented in the law blogosphere:
- What specific statutory provisions authorized the Federal Reserve to make an $85 billion loan to AIG?
- Is the AIG deal a loan or a takeover?
- Can a court review the Fed's decision to bailout AIG?
- As a matter of policy, was the AIG deal the right thing to do?
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