Watchdog panel slams AIG bailout, says taxpayers risk 'severe losses'
Thursday, June 10, 2010 - 12:12
in Health & Medicine
The Congressional Oversight Panel says the Treasury and the Fed failed to exhaust all options before rescuing the insurance giant. While AIG, Ben Bernanke and others are optimistic that taxpayers will be repaid, the latest congressional estimate puts the potential loss at $36 billion. A watchdog panel on Thursday blasted the government's $182-billion bailout of insurance giant American International Group Inc. for its...