AIG will retain the $ 2.4 billion from the sale of assets

Revenue from the sale of the two largest business units will remain under the control of Chartis Inc., Earlier known as AIU Holdings Inc., It will go to increase the capital of new company.
Problem American insurance company American International Group Inc. instead of a quick repayment of the received state financial assistance, will retain from the sale of assets $ 2.4 billion, for themselves, said agency Blumbarg.
Revenue from the sale of the two largest business units will remain under the control of Chartis Inc., Earlier known as AIU Holdings Inc., It will go to increase the capital of the new company. According to scarce information, this step was approved by U.S. regulators.
Such a decision of the insurer can raise unpleasant issues, however, by the congressmen about when AIG will be repaid its debt to Washington in the amount of $ 182.5 billion
„Taxpayers should not be subjected to such risk. We can lose money from the rescue of AIG, but will hope the amount is not too large“, commented a member of the Committee on Financial Services to the Lower House of Parliament Breda American Sherman.
For its part, the Executive Director of the insurer Edward Lidi promised early repayment of the borrowing of the budget, including $ 40 billion from the program to buy toxic assets of the TARP, if the situation on financial markets do not deteriorate further. The company prepares and rapid sale of two un-American life insurance subsidiaries for $ 25 billion, which will reduce its obligations to the state.

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Finance