More on Maiden Lane III auction: AIG exec. Jay Wintrob yesterday said the proceeds from auctions...

|By:, SA News Editor

More on Maiden Lane III auction: AIG exec. Jay Wintrob yesterday said the proceeds from auctions prior to this week were enough to repay AIG's Maiden Lane III loan from the Fed. The insurer is now entitled to the next $5.6B in proceeds, while any money after that will be split, with a third going to AIG and two-thirds to the New York Fed.