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Since September 2008, AIG has received over $180 billion in Federal assistance to help stabilize the company. The House Oversight Cmte. heard assessments from the three trustees appointed by the New York Federal Reserve to oversee the use of taxpayer funds. AIG Chairman & CEO Edward Liddy also testifies before the Committee.
Since September 2008, AIG has received over $190 billion in Federal assistance to help stabilize the company. The taxpayers paid $70B to buy 80% of AIG which is worth $4T (Liddy did not know the market cap was $4.8T NOT oh, $6T)… The House Oversight Committee heard assessments from the three trustees appointed by the [...]