AIG investment a "one-off" transaction
WASHINGTON (Reuters) - The U.S. Treasury Department said on Monday its $40 billion (25.3 billion pound) investment in American International Group was a one-off transaction that will not reduce the amount of capital that the Treasury plans to inject into U.S. banks.
A Treasury official also told reporters on a conference call that a member of President-elect Barack Obama's transition team was briefed on the transaction on Sunday night.
"This is a one-off, created solely for AIG," the official said, adding that the funds would not come from the $250 billion bank capital purchase program.
(Reporting by David Lawder; Editing by Theodore d'Afflisio)
© Thomson Reuters 2009 All rights reserved.
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