New York — New York Governor David Paterson says American International Group will be allowed to access capital held in its subsidiaries in order to help the company with issues of liquidity and fund its day-to-day operating needs.
“They can make a bridge loan to themselves,” Paterson said, speaking at a press conference. Paterson said granting AIG, the largest U.S. insurer by assets, special access to the money did not constitute a government bailout.
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