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AIG Raises $37 Billion To Pay Back Government

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AIG Raises $37 Billion To Pay Back Government

Business

AIG Raises $37 Billion To Pay Back Government

AIG Raises $37 Billion To Pay Back Government

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  • <iframe src="https://www.npr.org/player/embed/130976533/130974867" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The giant insurance company announced Monday morning it has raised nearly $37 billion to start paying back the government bailout it received two years ago. AIG received $100 billion worth of taxpayer funds during the financial crisis. The company says it raised the new funds by selling overseas businesses.

RENEE MONTAGNE, host:

NPR's business news starts with a big check from AIG.

(Soundbite of music)

MONTAGNE: This morning, the giant insurance company announced it has raised nearly $37 billion to start paying back the government bailout it received two years ago. AIG received $100 billion worth of taxpayers funds during the financial crisis. AIG raised the new funds by selling overseas businesses.

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