AIG may have trouble repaying taxpayers for bailout

12/24/2008 | Bloomberg

American International Group is getting about a third less from the auction of Hartford Steam Boiler than it paid for the insurer eight years ago, raising doubts about whether AIG can come up with the money to pay back its rescue loan from the U.S. government. If the sale accurately represents how the market is valuing AIG assets, "it's bad news for the American taxpayer," said an analyst at Fox-Pitt Kelton Cochran Caronia Waller.

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