After receiving more than $180 billion in emergency federal assistance to stave off collapse, AIG recently gave top employees bonuses totaling $165 million - even as the company reported the biggest quarterly loss in U.S.corporate history.
VOA: standard.2009.03.24
But in the interim, the Fund helped stave off defaults in Brazil and Uruguay.
Leading shares in Europe also recovered from several days of falls as hopes that easier access to credit would help stave a slowdown in economic growth.
When the European Central Bank (ECB) embarked upon its Long Term Refunding Operations (LTRO1 and LTRO2), which gave all European banks access to 1% money for 3 years in order to stave off a rapidly approaching financial crisis in those banks, there was an unwritten quid pro quo.
