AIG is still waiting to hear if the Federal Reserve will accept the insurance firm's bid to buy back assets it once owned, company CEO Robert Benmosche told CNBC Wednesday.
"We made an offer of $15 billion back in September, which we think is fair," Benmosche said. "But the Fed has not responded. Time is of the essence and we want to get this behind us."
The assets are subprime mortgaged-backed securities that were once part of AIG's portfolio but are now held by the government after it took control of the company in 2008 during the financial crisis. Taxpayers currently own 92 percent of the firm.