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AIG & Government Agreed to Debt Repayment Plan
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AIG & Government Agreed to Debt Repayment Plan
American International Group (AIG) and the government have agreed on a plan to complete repayment of the $180 billion in bailout funds the firm received during the financial crisis.  AIG would repay $20 billion to the Federal Reserve Bank of New York, and the Treasury Department would convert $49 billion in preferred stock into 1.66 billion shares of AIG common stock.
Video Length: 0
Date Found: September 30, 2010
Date Produced: September 30, 2010
View Count: 0
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