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Watchdog: Gov't overpaid to bail out AIG

By DANIEL WAGNER
,
AP
posted: 124 DAYS 22 HOURS AGO
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WASHINGTON -Officials managing the multibillion dollar bailout of insurance giant American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG's business relationships, a government watchdog says.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-16 18:14:35
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Officials managing the multibillion dollar bailout of insurance giant American International Group Inc. bungled the first rescue and may have overpaid other banks to wind down AIG\'s business relationships, a government watchdog says.