Insurance giant American International Group (AIG) is better positioned to pay back all of its $182bn federal bailout, a key Treasury official plans to testify Wednesday. But AIG’s ability to repay taxpayers depends on its future profitability and the insurance industry’s strength, Treasury chief restructuring officer Jim Millstein says in his prepared testimony. He says AIG must complete the planned sales of two large insurance subsidiaries and regain the market’s confidence.
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