Oh hooray, we're saved. AIG repays 2% of bailout money

[Bluebear]

Let's talk when the entire $180 billion plus interest is received.

===

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

The insurer's aircraft leasing company, International Lease Finance Corp., completed the sale of $4.4 billion in debt. AIG will use more than $3.9 billion of the proceeds to repay the Federal Reserve Bank of New York, trimming the balance on its credit line with the Fed to about $15 billion. Adding interest, the total is about $21 billion.

The emergency credit line was part of a $182 billion federal bailout package that New York-based AIG received during the financial crisis to avoid collapse. AIG has been selling off assets to pay back the aid.

"This is continuing tangible evidence of AIG's progress in repaying the American taxpayers," said Robert Benmosche, AIG President and CEO. "AIG is getting stronger every day. We still have more work to do, but we will finish the job and make sure we repay the American taxpayers."

http://news.yahoo.com/s/ap/us_aig_bailout
http://www.americablog.com/2010/08/aig-repays-2-of-bailout-money.html

[bluestateguy]

1. I wonder how those executive bonuses were used

Booze? Drugs? Call girls? Country club dues? Allowances for the mistress?

[awoke_in_2003]

2. Yes. Yes. Yes. Yes. Yes. nt

[Bluebear]

5. lol WIN

[PJPhreak]

3. And these...

Robert Benmosche's (AIG CEO) House in Suffrin NY...


and his yacht...


While this pig goes "Boating" in Long Island Sound,We get to pay for it.

Fu*king Bastage.

[xchrom]

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