AIG Scores Another $22B In TARP Funding

Law360, New York (November 1, 2010, 6:45 PM EDT) -- The U.S. Department of the Treasury plans to hand over as much as $22 billion in additional Troubled Asset Relief Program funds to bailed-out insurance giant American International Group Inc. as part of the company's restructuring process, the government said Monday.

In an update on the insurer's financial health, the Treasury Department said that it expects to turn a profit on its investment in AIG's $182 billion bailout, as long as the restructuring plan announced Sept. 30 is completed.

AIG plans to use the additional TARP...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.