As talks continued to secure financing to help American International Group avoid being forced into bankruptcy, AIG's former chairman and chief executive officer, Maurice Greenberg, today said the Federal Reserve should provide a bridge loan to AIG if the private markets are unwilling to raise the cash the company needs to solve what he called "a liquidity problem, not a solvency problem."

CNBC analysts said the situation was dire, and that if no loan deal could be completed today, it was likely that AIG would be forced into bankruptcy.

Mr. Greenberg made his comments on the "Squawk Box" show on CNBC this morning as bankers, state regulators and federal officials met at the New York Fed offices in order to raise as much as $75 billion to stabilize AIG.

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