Getting your player ready...
WASHINGTON — Treasury Secretary Timothy Geithner looked Wednesday past the collapse of an American International Group deal to sell off a subsidiary, saying the insurance giant has other options for paying back its $182 billion government bailout.
Geithner addressed the issue after Prudential, a British company, said it was backing out of a deal to buy American International Assurance. The deal faltered after Prudential shareholders balked at paying $35.5 billion.
Analysts question whether AIG was wise in refusing to cut its asking price. Some say they wonder whether the taxpayers will be repaid.
