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A Potential AIG Bailout Is On The Table, Gasparino Reports

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A government bailout of insurance giant AIG is 'on the table,' according to investment banking sources who spoke with Charlie Gasparino of CNBC. There's been no confirmation from the Federal Reserve.

David Faber says his sources are saying that a private solution is unavailable. He could not confirm the report that a bailout by the Fed is now under consideration.
This is a surprising development, especially given the earlier reports that the Treasury and the Fed were resisting a bailout. Then again, we're on record as supporting an incoherent and unpredictable policy responses to financial meltdowns. Maybe the government is listening.