American International Group Inc. has received more time to repay its bailout loans as the new chairman, Harvey Golub, discusses healthy initiatives towards protecting jobs and the public interest.
From Hugh Son, Bloomberg:
Sept. 21 (Bloomberg) -- American International Group Inc.’s U.S. rescue package, revised three times in the past year, would be eased again under a proposal being pushed by the leader of the House Oversight and Government Reform Committee.
Representative Edolphus Towns may start talks with Treasury Department and Federal Reserve officials about the plan from Maurice “Hank” Greenberg, the former AIG chief executive officer, said a committee aide. Greenberg visited Towns, the New York Democrat who leads the committee, on Sept. 17, according to the staffer, who declined to be identified because the meeting was private. AIG rose 10 percent in New York trading.
