Little Movement In AIG After Fed Repayment Plans

American International Group, Inc. AIG is higher this morning, despite announcing plans to pay back the Federal Reserve credit line as part of its efforts to pay back the U.S. taxpayer this morning. AIG will use proceeds from the sales of two non-U.S. life insurers to repay the line, the company said. AIG may also sells as much as $3 billion in stock, as part of the deal. “They'll be selling into strength, and where they're selling into strength they'll be moving a lot of stock,” said Robert Haines, an analyst at CreditSights. “There's a lot of interest in AIG again.” Shares of AIG are up 11 cents to $42.33.