NU Online News Service, May 12, 1:53 p.m.EDT
WASHINGTON–American International Group's game plangoing forward is to establish "separate identities" for its "bestbusinesses" and to shut down its financial products unit, companyChairman and CEO Edward Liddy is expected to tell a House paneltomorrow.
But the spinoffs will only occur over time and not at fire-saleprices, according to an advance look at his prepared testimony. Heis also expected to disclose details of AIG's close interactionwith officials of the Treasury Department and the Federal ReserveBank of New York.
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