Feds Still Failing At Regulating AIG, Report Says

Law360, New York (July 25, 2012, 3:06 PM EDT) -- Federal authorities still have not been able to figure out how to regulate hobbled insurance giant American International Group Inc. four years after it was saved from failing by a $161 billion taxpayer bailout, the Troubled Asset Relief Program's internal watchdog said Wednesday.

The Financial Stability Oversight Council, a council of regulators established by the Dodd-Frank Wall Street Reform and Consumer Protection Act, has still not designated AIG as systemically significant despite it being one of the largest companies in the world and the largest single...
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