Former members of a congressional panel that oversaw bailouts during the financial crisis are condemning a tax break for insurance giant American International Group. They say it amounts to an extra bailout worth billions of dollars. Former oversight panel chair Elizabeth Warren and others from both parties say the tax break is a massive taxpayer [...] [...]
AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government bailout. The insurance giant closed its previously announced sale of American Life Insurance Co. on Monday. It sold ALICO to MetLife Inc. for $16.2 billion. The sale includes $7.2 billion [...] [...]
by Associated Press Published: September 30,2010
Tags: AIG
AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced Thursday could return a profit to taxpayers who footed the bill for AIG’s near collapse in September 2008. “This is a pivotal milestone as we [...] [...]
by Contributing Writer Published: April 9,2009
Tags: AIG, Bonus Money, Tax
Peter Schwartz Author, and former chairman of the board, of the Ayn Rand Institute In dealing with AIG, why are people pussy-footing around? They believe that the bonus money was stolen from the public and must be retrieved by any means possible. So why not bypass the niceties and just send in some well-armed “enforcers” [...] [...]
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