AIG: Federal Bailout Reduced by more than $152 Billion

American International Group (AIG) reported on Thursday that, as a result of the auction of assets by the Federal Reserve Bank of New York, the Fed has been fully repaid for its share of the AIG bailout that began in September 2008.AIG said in a news release the auctions retire all outstanding loans from the New York Fed to Maiden Lane III, one of the loan facilities AIG established to pay down federal obligations from the $182.5 billion bailout. To date, AIG said it has reduced its total federal obligation by more than $152 billion.AIG said its Maiden Lane III obligations were paid through ca...