AIG bailout down to $30bn
AIG has celebrated another "significant milestone" in
its efforts to put its 2008 bailout behind it with the total
repayment of the outstanding loan to the Federal Reserve Bank of
New York contained in Maiden Lane III.
Maiden Lane III was a bailout vehicle used by regulators to prop up
AIG as the giant US insurer flirted with bankruptcy during the
financial crisis as it struggled to meet collateral calls from
banks such as Goldman Sachs against credit default swaps...
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