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09/27/09
AIG shares soar 20% after talk of reducing bailout package
Filed under: General, Finance
Posted by: Lillian Wong @ 11:59 am

Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight and Government Reform said that panel will examine a plan to reduce the company’s massive bailout package.

The stock surge occurred despite a report from congressional investigators that cast doubt on whether efforts by AIG to restructure its operations and fully repay the government the billions it received will ever prove successful.  more…



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