Law360, New York (January 26, 2010, 6:46 PM ET) -- The watchdog for the Troubled Asset Relief Program has launched a probe into disclosures related to American International Group Inc., amid criticism that the Federal Reserve Bank of New York's loans to AIG amounted to a "backdoor bailout" for its counterparties.
Neil Barofsky, TARP's special inspector general, revealed the new AIG investigation in prepared testimony that he will present on Wednesday at a hearing before the U.S. House of Representatives' Committee on Oversight and Government Reform.
The probe came in response to a series of e-mails...
TARP Inspector General Reveals AIG Bailout Probe
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