AIG repays last of $85 billion loan
By raising money through a series of asset sales and stock offerings, AIG, the giant U.S. insurer that was nationalized during the 2008 financial crisis, has raised enough money to repay the last of an $85 billion emergency loan it received from the Federal Reserve in 2008. The U.S. still owns 92 percent of AIG’s stock, which it plans to sell over the next two years.
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