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AIG Repays $6.9 Billion More
It’s been a while since we wrote about AIG, but Reuters is reporting today that American International Group has returned another $6.9 billion of it’s bailout money to the U.S. Treasury, which means that 70% of the original $411 billion under the TARP plan (Troubled Asset Relief Program) has now been recovered. According to spokespeople […]
Read moreAIG Did Not Ignore Red Flags, Judge Says
Reuters reported earlier this week that a federal judge in Manhattan has dismissed a shareholder lawsuit against AIG. The suit accused both current and former American International Group, Inc., directors and executives of ignoring the “red flag” warning signs that lead to the insurers near-demise and necessitated $180 billion in Federal bailout funds. On Tuesday, […]
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