Treasury Secretary Tim Geithner praises AIG’s progress
US Treasury Secretary Timothy Geithner said the breakdown of AIG’s sale of its Asian life unit AIA to the Prudential wasn't a setback and the government would recoup taxpayer money, Dow Jones reports.
"AIG is now free to pursue a bunch of other options to help maximise the return" for taxpayers, Geithner said. He praised AIG's management team and board for making "impressive" progress on the restructuring.
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