Thu, May 23, 2013, 6:18 PM EDT - U.S. Markets closed
American International Group, Inc. (AIG) has closed two transactions with the Federal Reserve Bank of New York that will reduce its debt to the government by $25 billion, the insurance giant said Tuesday.
Little problem here. They don't have enough equity to take the debt to zero. THEY ARE INSOLVENT !!! WHAT DON'T YOU GET ABOUT THAT ?????
they pay back because they want to, duh it mean they got money, they are profitable