American International Group Inc. (AIG) looks to have received an added bonus from the federal government. Assets the government received from AIG when it paid $40 billion as part of the insurer’s $150 billion rescue plan were valued at only $14.8 billion, Trading Markets reports.
A report by the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), which was created by Congress to oversee the $700 billion TARP program, said the difference in value represented an additional $25.2 billion subsidy—63% of the total TARP amount used for AIG.
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