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AIG Trust and Treasury planning exit strategy
05 August 2010
According to the US Government Accountability Office, the Treasury team that manages the AIG bailout investment has been investigating a number of possible exit strategies but will not employ one until AIG has repaid its debt to the FRBNY.
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gao
government accountability office
American International Group
AIG
According to the US Government Accountability Office, the Treasury team that manages the American International Group (AIG) bailout investment has been investigating a number of possible exit strategies but will not employ one until AIG has repaid its debt to the Federal Reserve Bank of New York (FRBNY).
Since 2008, the government has provided $134bn in direct and indirect assistance to AIG. Government assistance to AIG was provided by or is held by the FRBNY, the AIG Trust, and Treasury, which are independently responsible for developing and implementing a divestment plan and must coordinate their efforts.
While the Federal Reserve, the FRBNY, and Treasury share responsibility for managing the...
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