Washington
It will take at least three-to-five years for American International Group to repay the tens of billions spent by taxpayers to keep the beleaguered company afloat–and that's only if the capital markets cooperate, AIG's head informed Congress last week.
"Asset values have to stay strong," AIG Chairman and Chief Executive Officer Edward Liddy told the House Committee on Oversight and Government Reform. "There has to be a capital market that allows us to take businesses public."
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