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Fed Paid Too Much In AIG Bailout: Report

By Elaine Meyer (November 17, 2009, 1:29 PM EST) -- The Federal Reserve Bank of New York failed to use its "considerable leverage" in negotiations in fall 2008 to reduce the amount of money it spent to help American International Group Inc. stay alive, according to a report assessing the U.S. government's involvement in the bailout....

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