[Politics/Econ] Anybody starting to get that queasy feeling...

American International Group is borrowing from Peter to pay, um, Peter. The government-controlled insurer is replacing the expensive credit line it received when it was rescued by the federal government last month with a cheaper one, also from Uncle Sam.

Four American International Group (nyse: AIG - news - people ) affiliates registered to borrow up to $20.9 billion through the Federal Reserve Bank of New York’s Commercial Paper Funding Facility according to a regulatory filing on Thursday. Tapping the U.S. government for cash has become a habit for AIG’s since it was nationalized in September. (See "Fed Rescues AIG")