AIG: Hoping to stem the bleeding

By doris | Published: May 7, 2009

Full Story At money.cnn.com

NEW YORK (CNNMoney.com) — AIG is expected to report its sixth quarterly loss after the market closes Thursday, but the loss could be much smaller than previous quarters and analysts say that could be an encouraging sign.

The insurer is also expected to say that it will not require additional taxpayer funds, according to a report on Bloomberg.com. It would be the first time since the original Sept. 16 rescue that AIG has not announced additional bailout funds when releasing quarterly results.

The company has borrowed roughly $130 billion of $182 billion in loans that the government has made available.

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