AIG says $85bn loan will give company time to sell assets
AIG, the stricken insurer that was rescued by the Federal Bank of New York with an $85bn, has said that the deal will give it time to "sell assets in an orderly fashion".
The injection in liquidity will now mean that there will be no fire sale of assets by AIG. "We believe the loan, which is backed by profitable, well-capitalized operating subsidiaries with substantial
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