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Oct. 9 (Bloomberg) — American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock.

The fight over whether those terms were fair is set to continue today in a federal trial in Washington.

“I thought we were taking an enormous, unprecedented risk,” said Timothy Geithner, who was the head of the Federal Reserve Bank of New York in September 2008 when it agreed to lend AIG $85 billion. “We might lose billions or tens of billions of dollars.”

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