AIG Likely Able To Repay Govt. Bailout

11-10-2009 | Source: emii.com

Moody’s Investors Service said on Monday that American International Group is likely to be able to buy back most of the government’s 80% stake in the company, according to Reuters. The insurance giant has received a total of $180 billion in taxpayer funds, including about $80 billion in loans. The insurance firm is working with the government on a restructuring plan, which could include selling major business units, to pool enough capital to repay the federal aid.

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