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Tag Archives: AIG

AIG severs final bailout link with Treasury

WASHINGTON — The Treasury Department has sold its remaining warrants in American International Group Inc., severing its final financial link to the insurance company that got the government’s biggest bailout of the 2008 financial crisis. Treasury received approximately $25 million ...

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Facing backlash, AIG won’t join suit against US

NEW YORK — Facing a certain backlash from Washington and beyond, American International Group won’t be joining a shareholder lawsuit against the U.S. government. AIG was legally obligated to consider joining the lawsuit being brought against the government by former ...

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Report: AIG, government discuss bailout repayment

NEW YORK CITY — Insurance giant American International Group Inc. is discussing plans with the government to fully repay the government bailout it received two years ago, according to a report in the Wall Street Journal.

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Bernanke: Shut ‘em down

WASHINGTON, D.C. — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.

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AIG repaying nearly $4B in federal loans

WASHINGTON, D.C. — In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

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