Friday, November 13, 2009


BANZAI7 NEWS--American International Group Inc. has been unable to wean itself from the expiring U.S. commercial paper program as firms including MetLife Inc. and General Electric Co. reduce their use of government-backed funds.

AIG owes $5.8 billion, or more than half of the $10 billion in debt outstanding in the Commercial Paper Funding Facility, the New York-based insurer said last week in a regulatory filing. Lending through the Federal Reserve program fell from as much as $350 billion in January as companies found private- sector alternatives or scaled back short-term borrowing.

WB7:Beanmush needs to do a little work instead of shootiung his mouth off every five minutes.

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