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Loan Modification
: Mortgage Lender Implode-o-MeterA.I.G. Says It Needs 3 to 5 Years to Overhaul Itself
By Implode-Explode Heavy Industries
Edward M. Liddy, the chairman of American International Group, said on Wednesday that the company would probably need ?three to five years? to carry out its restructuring plan and repay the taxpayer money used to bail it out.
A.I.G., once the nation?s biggest insurance conglomerate, has received more than $170 billion from the Federal Reserve and the Treasury since it collapsed in September.
Full post as published by Mortgage Lender Implode-o-Meter on May 13, 2009 (boomark / email).
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