Projects - Videos - 2010s

2010s Videos Snip 2021 0723
MAY 26, 2010 
AIG Under Troubled Asset Relief 
Program, Panel 1 
Witnesses testified on the $122 billion American 
International Group (AIG) received under TARP 
(Troubled... 
customer confidence in and insurance companies based 
reputation and credit ratings. oarents will not put their childs 
ftture chris by purchasing a life "L ware company from a poorly 
rated company.. no amotmt of liquidity in and save an insurance 
company whose customers are fleeing. the congressional budget 
offce estimates the federal reset-ce are in over S 12 billion in 
interest over the life of the loans made to aig under the revolving 
credit facilitv and the losses the facility be 
because the federal resem•e is ftlly collateralized. 
st one i 
would like to make is based experiences with aig the Ots 
reconlmends the establishment of the federal insurance regulator 
for holding companies that are predonlinantly engaged in Inslrance 
activities whether not they be deemed systemic 
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