AIG (AIG) To Dump Assets To Save Itself

Posted: September 14, 2008 at 4:08 pm

AigAIG (AIG) will sell several divisions to raise the capital it needs to stay independent.

According to The Wall Street Journal the big insurance company "plans to disclose a comprehensive restructuring by early Monday morning that is likely to include the disposal of major assets including its aircraft-leasing business and other holdings."

AIG’s new CEO said he was going to do this some time ago. What took so long?

Douglas A. McIntyre

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