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- AIG makes partial repayment of Fed line of credit (Business Insurance)
NEW YORK (Reuters)—American International Group Inc. reduced the amount it owes under a U.S. Federal Reserve credit line by $6.8 billion, but only by borrowing from a different government lending program. www.businessinsurance.com
- AIG Burning through Bailout Cash (Financial Planning.com)
The article notes that, according to numbers from the Fed, $90 billion of the $123 billion available to the insurer has already been drawn down. In September, the company received an $85 billion emergency line of credit, which was later augmented by a $38 billion loan. www.financial-planning.com
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