AIG Holders Seek Bailout Alternative: Report

Major shareholders of American International Group(AIG Quote), concerned about the $85 billion loan agreement with the federal government, plan to meet Monday to discuss alternatives to the bailout plan, according to a media report.

Shareholders who are dissatisfied with the deal are exploring ways to quickly pay off the loan, which gave the federal government the right to take 80% of the insurer, the Wall Street Journal reports, citing a person familiar with the matter.

Under the scenario, AIG would not only sell assets, but also raise capital in other ways. AIG had no choice but to accept the federal help last week when large sums of private money weren't available, the Journal noted. ...