CONTRIBUTION MADE BEFORE STATE HELPED BANK GET FEDERAL LOAN
ALBANY, N.Y (AP) New York campaign finance records show American International Group donated $100,000 to the state Democratic Committee just before Democratic Gov. David Paterson and his insurance superintendent launched marathon sessions to prop up the embattled insurer.
The contribution was made Aug. 29. Insurance Superintendent Eric Dinallo started negotiating with AIG and federal officials within about two weeks.
On Sept. 16, Paterson announced the "great news" that New York officials helped the giant insurer strike a historic loan deal with the Federal Reserve to keep AIG afloat.
There was no immediate comment from Paterson, Dinallo or AIG.
The state's effort is credited with giving AIG time to survive.