AIG's Payback to Taxpayers in Doubt

One year after the biggest corporate bailout in the country's history, a government watchdog office Monday warned that American taxpayers may not recoup the full $182 billion given to embattled insurance giant American International Group. "AIG's ability to restructure its business and repay the government is unclear at this time," the Government Accountability Office said in a new report released Monday. As of the start of September, the company's outstanding balance of taxpayer aid was $120...Full Story
Commenting on this article is closed.