American International Group Inc., once the world’s largest insurer, struck a deal to repay the Federal Reserve as the company works toward independence, less than two years after the bailed-out firm’s then-leader said the AIG name was “disgraced.”
“This company is not going away, it’s here to stay,” Robert Haines, an analyst at CreditSights Inc., said in an interview yesterday after the insurer announced the agreement. “There’s a lot of interest in AIG again, and AIG as a franchise.” The following is a timeline of the rescue of New York-based AIG and the company’s efforts to repay taxpayers.
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A bit too much crowing by Tom Haines I think, like Newcastle United fans, you think he would have learned from his fall, but from those comments it doesn’t sound it. A comprehensive timeline can be found on this sight of all AIG’s actions for followers of this soap opera, do take a look, it shows how far along they have come in just two years.
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