November 3, 2009
|401(k) plans rolled into Social Security?|
AIG owes $44.8 billion on the line, about $3.6 billion more than last week, according to Federal Reserve data released today. The increase in the Fed line stemmed from paying down the U.S. commercial paper facility as those borrowings matured, said Mark Herr, an AIG spokesman, in a telephone interview. AIG made $1.1 billion in payments to the Fed line this week, Herr said.American International Group Inc.’s draw on a Federal Reserve credit line surged for a fourth week to the highest since May after the insurer paid down a commercial paper facility and propped up its airplane unit.