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Greenberg says AIG needs federal guaranty
Posted on : 2008-12-10
(Reuters)—The U.S. government should provide a federal guaranty to meet American International Group Inc.'s counterparty collateral requirements, the insurer's former chief executive, Maurice R. Greenberg, said.
Collateral requirements have consumed the vast majority of the government funds channeled to AIG to date, Mr. Greenberg said an opinion piece in the Wall ...
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