AIG Continues to Repay Government; Government Continues to Own 70 Percent Interest in Company
zCR - GAO Reports
Copyright © Targeted News Service, 2012
Copyright © Targeted News Service, 2012
2012-05-12
by KEN BLACK
WASHINGTON, May 12 -- The American International Group, commonly known as AIG, has continued to pay back the money it received from the federal government as part of federal bailout program, the Government Accountability Office revealed.
In a report titled, "Troubled Asset Relief Program: Government's Exposure to AIG Lessens as Equity Investments Are Sold" (Report No. GAO-12-574) the GAO said that while the money continued to be repaid there was still an outstanding balance of $46 . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, May 12 -- The American International Group, commonly known as AIG, has continued to pay back the money it received from the federal government as part of federal bailout program, the Government Accountability Office revealed.
In a report titled, "Troubled Asset Relief Program: Government's Exposure to AIG Lessens as Equity Investments Are Sold" (Report No. GAO-12-574) the GAO said that while the money continued to be repaid there was still an outstanding balance of $46 . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com