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  • AIG bail-out($180 Billion)investigations launched, Treasury Secretary Timothy Geithner

    01/26/2010 3:27:25 AM PST · by mgist · 27 replies · 840+ views
    BBC ^ | Tuesday, 26 January 2010 | BBC
    AIG bail-out investigations launched AIG had to be rescued in 2008 The US bail-out watchdog has announced it is launching two investigations into the government's rescue of insurer AIG. Neil Barofsky, special investigator general for the US's Troubled Asset Relief Program (Tarp), questioned the government's role in the bail-out. He is appearing before a House Committee looking into the AIG bail-out in 2008 on Wednesday. AIG was initially bailed out for $85bn (£52bn), but its total rescue package has since amounted to more than $180bn. "Issues have come to light that call into question whether the government has been, and...