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'Staggering' AIG Meltdown Will Lead To Auction, Analyst Says

An insurance analyst, calling the meltdown of AIG a "staggering development," said the Federal Reserve Board statement that the carrier will pay off its federal loan from the sale of businesses sugges

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An insurance analyst, calling the meltdown of AIG a “staggering development,” said the Federal Reserve Board statement that the carrier will pay off its federal loan from the sale of businesses suggests the majority of the company may be sold off in pieces over the next 24 months.

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