American International Group officials said Friday they are preparing for regulation by the Federal Reserve Board in addition to state regulation.
Indeed, contrary to the views of most other insurance companies, Robert Benmosche, AIG president and CEO, said, "in a way, we see it as a big positive."
The comments were obviously linked to the announcement after the market closed on Friday that the Treasury Department is selling 163,934,426 shares of its AIG common stock at $30.50 per share in a public offering.
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