Tuesday, March 31, 2009

Congress Asks For AIG's Business Practice Reports Over Past 4 Years

WSJ reports that Members of Congress have asked federal authorities for confidential reports prepared by a lawyer charged with monitoring AIG's business practices over the past four years.

The request, dated Monday, expands the scope of the congressional investigation into AIG's collapse and subsequent federal rescue in September. The request was made by the House Committee on Oversight and Government Reform in letters sent to both the Department of Justice and Securities & Exchange Commission. Sphere: Related Content
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Anonymous said...

FT is reporting that Niel Barofsky, the "TARP Cop", is "to prepare an audit of the decision to repay in full counterparties of AIG, the insurance group bailed out with $173bn of government aid."

See: http://www.ft.com/cms/s/0/275f67ba-1e31-11de-830b-00144feabdc0.html

John T