Thursday, May 14, 2009

AIG CEO: Insurance Giant Remains Toxic After $180B Bailout

More than $180 billion later, AIG is still a toxic economic site. That's what American International Group Inc. Chief Executive Edward Liddy told a House panel Wednesday, saying the insurance giant has reduced but not eliminated the risk its failure poses to the global economy despite getting more than $180 billion in federal bailout aid...

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