Former CEO Greenberg to offer alternate rescue plan for AIG

10/14/2008 | Financial Times (free content)

U.S. securities regulators, Treasury Secretary Henry Paulson and key members of Congress are expected to receive details of an alternative rescue plan for AIG backed by former CEO Hank Greenberg, who was forced out in 2005. Details of Greenberg's proposal were unclear, but it could involve modification to a deal with the government that extended an $85 billion loan to the insurer last month.

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