Did NYFed lose taxpayers billions of dollars on AIG bailout?

Courtesy Digg - Business & Finance  Tue, 11/17/2009 - 18:20

There are two sides to every story, and sometimes three, four or five. An audit by the Special Inspector General for the Troubled Asset Relief Program claims that the Federal Reserve Bank of New York allowed banks to get 100% of the value of complicated financial instruments that they had insured with AIG (AIG).


 

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