NU Online News Service, Sept. 16, 3:26 p.m. EDT
WASHINGTON–American International Group (AIG) still relies largely on government funding for capital and liquidity, and "most observers" expect that the AIG Investment Program will generate "significant losses" to U.S. taxpayers, according to a new government report.
The Congressional Oversight Panel's September report on the Troubled Asset Relief Program (TARP)–called "Assessing the TARP on the Eve of Its Expiration"– also carries other distressing news.
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