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teapeebubbles

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teapeebubbles

Re: mick post# 70595

Monday, 03/01/2010 7:01:35 PM

Monday, March 01, 2010 7:01:35 PM

Post# of 190543
AIG to sell Asian life insurer to repay bailouts- AP

American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal. The sale to British insurer Prudential PLC could reduce by nearly one-fifth the amount of federal bailout money still invested in struggling AIG.

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