U.S. Winds Down AIG Rescue Designed to Avoid Collapse: Timeline
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The U.S. said today that it plans to wind down its stake in American International Group Inc., the insurer that was bailed out in 2008 to avoid what Treasury Department Secretary Timothy F. Geithner later said would have been an “utter collapse” of the economy.
The following is a timeline of four bailouts of New York- based AIG and the company’s efforts to repay the debt.