TARP Watchdog Questions Treasury Math On AIG Bailout

Law360, New York (October 26, 2010, 5:54 PM EDT) -- The inspector general charged with reviewing the Troubled Asset Relief Program is claiming the U.S. Department of the Treasury may be overly optimistic in its estimates of how well the $182 billion bailout of American International Group Inc. will turn out for taxpayers.

In a quarterly report issued to Congress on Monday, Neil Barofsky, the special inspector general for TARP, questioned whether recent Treasury estimates of a $5 billion loss on its AIG investment — a significant drop from the $45 billion loss estimate released by...
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