Geithner Says ‘Wind Down’ of AIG May Accelerate

[Swede]

Treasury Secretary Timothy Geithner told leaders in Congress he will ensure taxpayers aren’t footing the bill for American International Group Inc.’s employee bonuses and indicated the firm’s “wind down” may accelerate.

“We will continue our aggressive efforts to resolve the future status of AIG in a manner that will reduce systemic risks to our financial system while minimizing the loss to taxpayers,” Geithner wrote in a letter today to House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid and other top lawmakers.

“We will explore any and all responsible ways to accelerate this wind-down process,” he said, referring to the restructuring that is already taking place at the insurer.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aCr02b8ce6B8&refer=home

[Uzybone]

1. It better fucking accelerate

[Renew Deal]

2. And AIG better be left in tiny bits by the time he's done.