American INTL Group AIG

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AIG entered into a $4.3 billion 3 year credit agreement with credit facilities. Two of them are in the amount of $1.5 billion. One a 364 day facility and the other is a three year facility. 3rd agreement is $1.3 billion with its subsidiary Chartis INC. The effort in this is to pay the Federal Reserve of NY. The company accepted $182 billion in federal assistance at the height of the financial crisis in 2008. It set up a $500 million contingent facility. It issued $2 billion in debt. AIG is showing signs of growth as its at its 52 week high. I’m liking the moves AIG is making and should be a good company to invest in. $872 million in assets, $791 million liabilities is $81 million in equity, up $6 million from last quarter. This is a long term 1 year hold.

Posted by johnuno11   @   27 December 2010 0 comments
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