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Saturday, September 27, 2008

AIG to Borrow $20 Billion From Its Own Subsidiaries

New York's governor said his state will allow AIG, the nation's largest insurer, to use $20 billion from its own insurance subsidiaries to ease a financial crunch. From which subsidiaries is the $20 billion going to be raised? Do not forget AIA Singapore is one of AIG's wholly owned subsidiary.

N.Y. Will Let AIG Borrow $20 Billion From Its Own Subsidiaries

AIG on Wikipedia (list of its subsidiaries included)

AIA Singapore

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