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Article: TARP special master doubts AIG will repay all it owes; Giant insurer still owes nearly $100 billion to federal government.(News)
- Article from:
- Investment News
- Article date:
- November 2, 2009
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Byline: Mark A. Hofmann
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
During a hearing on executive compensation before the House Oversight and Government Reform Committee, the panel's top GOP member, Rep. Darrell Issa, R-Calif., asked Kenneth Feinberg if he agrees that AIG will be unable to repay all the government aid it has received since it almost collapsed in September 2008.
"I think that's right, said Mr. Feinberg, citing ...