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Tony Ondrusek is founder and publisher of Insurance & Financial Advisor and IFAwebnews.com.

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According to IFAwebnews, AIG will use part of the proceeds from the sale of its Asian life insurance business to repay the fed’s bailout funds, to the tune of at least $16 billion.

This comes after CEO Robert Benmosche said that AIG is on the right path, despite a loss last quarter.

Both appeared to be welcome news, as Wall Street responded warmly — at least, at first — according to Forbes.