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AIG to keep core insurance, sell assets to pay U.S. loan (Reuters)

October 3rd, 2008 by

a logo of American International Group (AIG) is seen at air offices in New York September 22, 2008. (Eric Thayer/Credit Repair News)Credit Repair News - Insurer American International Group Inc , crippled by losses on bad mortgage bets, said on Friday it will focus on its core insurance operation & put a rest of its businesses up for sale to repay up to $85 billion borrowed from a U.S. government.

Posted in Credit Repair |

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