AIG Has "Excellent Chance" to Repay Bailout Money

Will it be enough to restore confidence?

Of all the companies the United States government has bailed out during this recession, few have drawn as intense a degree of the public’s ire as American International Group, the company that is commonly known as AIG. Their indiscriminate use of the credit default swap seemingly didn’t include any hedging at all, and thus they were unprepared when values dropped due to delinquency. The insurance monster found itself in a deep grave. It would need more than $100 billion to get out.

As you may know, the government ponied up the money - which means you and I paid to rescue the irresponsible, greedy AIG. Would the government (forget about us, cowboy) ever get its personal loans and cash advances back?

Apparently so

AIG stock could be on the way up soon, as outgoing CEO Edward Liddy believes the company has “an excellent chance” to repay the government, reports Bloomberg. The insurer has plans to pay down its massive Federal Reserve credit line of $25 billion by selling off two of its foreign life insurance interests. ... click here to read the rest of the article titled "AIG Has "Excellent Chance" to Repay Bailout Money"