The cash portion of the proceeds from the sale, the largest to date in AIG's ongoing restructuring efforts, will be used to redeem preferred interests with a liquidation preference of approximately $16 billion held by the Federal Reserve Bank of New York (FRBNY) in the special purpose vehicle formed to hold the interests in AIA, and to repay approximately $9 billion under the FRBNY Credit Facility.
http://www.marketwatch.com/...
Anything to disentangle us from AIG, lower exposure financially to the USG and politically to the dems. It's all good news, and fulfilling the promise to wind down AIG.
I think it also illustrates the basic problem that many posters, and MSM pundits, have with contingencies. The moneys lent and credit facilities provided are not "spent". Some of it's coming back or never going to be used. You can be angry about a single dime going to AIG and its policy holders, but let's kept it in perspective, a perspective that is now $25 Billion dollars different.