AIG has repaid the U.S. Department of Treasury another $6.9 billion of its bailout, The Wall Street Journal reports. The insurer used the proceeds of a $9.6 billion sale of its equity stake in MetLife on March 2, 2011 to make the repayment. The Treasury has now received 70% of the $411 billion distributed under the Troubled Asset Relief Program. The Treasury will use the $6.9 billion repayment to cut the department’s remaining preferred equity interests in AIG, which now stand at about $11.3 billion.
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