0 minute readAmerican International Group (AIG) said Thursday it plans to repay in full its debts to U.S. taxpayers. AIG said it would pay back the Federal Reserve Bank of New York’s $20 billion loan by the end of the first quarter of 2011. Other debt payments include $26 billion in two special purpose vehicles that hold its AIA and ALICO units. AIG will also retire $49 billion under the U.S.’s Troubled Asset Relief Program. Under the plan…
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
