Hundreds more throng AIG Singapore office
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SINGAPORE, Sept 18, 2008 (AFP) - For the second straight day hundreds of anxious policyholders lined up in the hot sun outside Singapore offices of global insurance giant American International Group (AIG) Thursday.
Hundreds more — some vowing to terminate their policies — were already inside the offices of AIG and its wholly-owned subsidiary, American International Assurance Company Limited (AIA). They had returned after lining up on Wednesday without getting served.
Many in the crowd were unmoved by an announcement from the US Federal Reserve, the central bank, that the United States government would give an unprecedented loan of up to 85 billion dollars to AIG in a bid to avert a global financial calamity.