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Thursday, May 14, 2009

Improvements at AIG ?


The government-installed head of AIG told Congress on Wednesday the insurance giant is making progress toward repaying U.S. taxpayers by selling many of its foreign assets, but lawmakers questioned the plan and demanded details. American International Group Inc. Chief Executive Edward Liddy said the company has reduced, but not eliminated, the risk its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid.








wire reports

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