CEO: AIG Will Eventually Repay Bailout

AIG has gotten more than $150 billion in United States federal bailout money. And while the company is still far from profitable, AIG’s CEO says that the bailout money will be repaid in the next three to five years — as long as the economy recovers. If the economy doesn’t recover, he says that the repayment process could take longer.
Edward Liddy, the CEO of AIG, spoke in front of a congressional committee that wanted to hear more about AIG’s present plans and what the future may hold. The committee didn’t hold back when it came to questioning and even slamming …read more