March 18, 2009 4:51 PM

Forget the bonuses: AIG can't repay its loans, GAO says

Lost in all the shouting over the $165 million in bonuses paid to executives of disgraced insurer American International Group was this sober message delivered to Congress on Wednesday by a government watchdog: AIG's ability to pay back its $170 billion in loans from taxpayers has eroded significantly.

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