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By Michael P. Orsi
Edward Snowden should declare his patriotism in court
Independent voices from the The Washington Times Communities
Topic - American International Group Inc.
The Federal Reserve said Wednesday that it had sold $6.2 billion of assets once held by bailed-out American International Group Inc. to New York investment bank Goldman Sachs.
Companies that were bailed out during the financial crisis still owe U.S. taxpayers nearly $133 billion. Treasury's plans to recoup that money have been slowed by the volatile stock market and weakness among smaller banks.
A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven't repaid from the financial bailout, and some of that will never be recovered.
A company run by the former CEO of American International Group Inc. is suing the government for $25 billion in damages regarding its taxpayer bailout of the big insurer.
Warren Buffett's Berkshire Hathaway Inc. announced Thursday that it would invest $5 billion in Bank of America Corp., giving a much-needed vote of confidence to the beleaguered bank.
More trouble piled up for Bank of America Corp. on Monday, as it was sued by American International Group Inc. for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued.
Global insurance company American International Group Inc. and the federal government are offering to sell a total of 300 million AIG shares to the public.
The four companies that are still receiving the largest amounts of government bailout aid won't be able to raise the amount of cash they pay out to their top executives this year, the administration's pay czar has ruled.
The government and AIG, the giant insurer rescued with $182 billion at the depths of the 2008 financial meltdown, announced a plan Friday to end taxpayer involvement in the company over the next two years.
Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward paying off a bailout that was at one point worth $182 billion — the largest of the financial crisis.
AIG said Monday it raised nearly $37 billion from the divestment of two foreign insurance units and will use that money toward repaying a government bailout.
Fannie Mae and Freddie Mac are well on their way to becoming the biggest and most enduring black holes for taxpayers coming out of the 2008 financial crisis, with a new estimate of their bailout cost nearly doubling the tab to as high as $259 billion.
AIG, the poster child that epitomized everything bad about the nation's financial bailouts, announced a plan Thursday to repay the government — possibly with profits.
AIG said Thursday it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis.
Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.