This is for banks. It will help AIG later as they insure the toxic assests... The problem is it's another bailout... Congress and the taxpayers won't like it after the handling of the AIG stuff. The other problem you can't make the toxic assests go away. Somebody has to buy them up...WHO?... and with what money? And since now nothing is too big fail the government is going to take it over now. Unfortunatly, the taxpayers are mad as hell and are willing to take the consequences. I hope Geithner knows it's coming out Monday!!!
It may not benefit AIG directly because the plan may be put in place for banks. However, AIG has insurance on those toxic assets and even banks so there will still a positive impact. Clearing those toxic assets will be good for all the financial sector. Look at how AIG stock was mirroring Citibank shares for the last one week.