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Monday, November 10, 2008

Today the fed announced plans to pump an additional $40 billion into the black hole that is American International Group [A.I.G], bringing the ailing insurance corporation's total government aid up to $150 billion.

Meanwhile, A.I.G's recently retired executive vice president Robert M. Sandler is enjoying his new $3.45 million Manhattan apartment. In case you're wondering, Sandler and his wife, Annette, purchased the pad in mid-September. And of course, they paid in cash.