AIG Bailout Borrowing Hits $92.5 Billion

AIG's (AIG Quote) borrowings under the federal government's bailout lending plan has reached $92.5 billion from the total $143.7 billion in facilities available.

AIG has reduced its $122.8 billion federal lending facility by a further $2.3 billion to $81.2 billion as of Wednesday, according to figures released Thursday by the Federal Reserve and by AIG insiders. The total paydown in the past two weeks totals $9.1 billion.

AIG's stock closed Thursday down 9.2% at $1.87. The insurance giant is scheduled to report earnings after the market close Monday. ...