THANKS, W:

AIG to fully repay U.S. government (Charles Riley, January 12, 2011, CNNMoney)

American International Group, which received a massive bailout in 2008, said Wednesday that it expects to complete a recapitalization by the end of the week that will allow it to fully pay back the government. [...]

In addition, AIG said it will repay the Federal Reserve Bank of New York $21 billion to cover the loans made by that branch of the central bank. That payment comes from applying proceeds from various asset sales, the latest of which came on Wednesday when AIG unloaded its Taiwan unit for $2.16 billion in cash.

Benmosche also thanked the American people for their support.

A pleasure doing business....

Posted by Orrin Judd at January 12, 2011 7:45 PM