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TARP Watchdog: AIG Bailout Transferred Billions from Government to Counterparties

Calculated Risk... | Mon, 11/16/2009 - 7:47pm |  3 comments

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In a report (pdf) titled "Factors Affecting Efforts to Limit Payments to AIG Counterparties", Neil Barofsky, special inspector for TARP, wrote that the "negotiating strategy to pursue concessions from [AIG] counterparties offered little opportunity for success, even in the light of the willingness
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