Clark Troy submits:

AIG (AIG) on Thursday announced its plan to exit from government ownership, with non-trivial fanfare from itself and the press. It currently owes the New York Fed and the Treasury $101 billon. A couple of the key planks of its plan have been well-known for some time:

1. It is selling subsidiary ALICO to MetLife (MET) for $15.5 billion
2. It plans to IPO subsidiary AIA in late October, hoping to reap a further $15 to $17 billion

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