TITLE

TARP Watchdog Dubious Of Treasury's AIG Loss Calculations

AUTHOR(S)
Postal, Arthur D.
PUB. DATE
November 2010
SOURCE
National Underwriter / P&C;11/1/2010, Vol. 114 Issue 38, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the doubts of the Troubled Asset Relief Program (TARP) in the calculations of the U.S. Treasury Department regarding the projected investment losses in American International Group Inc. (AIG). It states that TARP questions the projected changes in AIG investment losses from 45 billion dollars to 5 billion dollars. It adds that the new loss estimate is based on a common stock valuation. Neil Barofsky of TARP says that the estimate loss does not meet transparency standards.
ACCESSION #
54855357

 

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