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Greenberg Says Help For AIG Is 'Not A Bailout'

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 Fed

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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.”

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