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Posts Tagged ‘fiasco’

AIG Holds Off Giving Funds To Real Estate Ventures

April 7th, 09

In a recent development, the American International Group (AIG) has held off releasing payments to many of its real estate ventures. As reported in the Wall Street Journal, the move by the company carries with it the potential to do serious damage to the credibility and financial stability of both the banks and developers involved.

Tags: aig, real estate, Finance, AIG spokesperson, fiasco, obligations landed aig