Feds Didn’t Do Enough To Avoid ‘Poisonous’ AIG Bailout And Now Changing Story To Defend It, Watchdog Says:
“Despite the many options it had, the team led by current Treasury Secretary Timothy Geithner chose to bail out ailing insurer American International Group Inc. and its Wall Street counterparties to the eventual tune of more than $182 billion, a decision that continues to have a ‘poisonous effect on the marketplace,’ according to a new Congressional report.”
