AIG can close RMBS offer soon as next week: source

By @ibtimes on

American International Group will be in a position to close its offer to buy back mortgage securities from the U.S. government as soon as next week, a person familiar with the matter said on Thursday.

The person, speaking on condition of anonymity, said AIG would fund the offer with cash from insurance subsidiaries, which would be buying the securities for their investment portfolios.

(Reporting by Ben Berkowitz; Editing by Gary Hill)

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