Economy

March 18, 2009

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.

Related content

Comments