AIG is on "a clear path" to repaying the government, Robert Benmosche will tell the Congressional Oversight Panel in a hearing today.
"In recent months, we have become less reliant on government aid and have been able to instead tap the capital markets." Selling AIA and Alico will result in $51 billion for AIG and allow it to repay the Federal Reserve Bank of New York and sell the securities over time. The Treasury and Fed have given $133 billion to AIG since August 2008.