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Scandal Watch: AIG
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Ever since the Federal Reserve rescued AIG from bankruptcy with two big loans totaling $123 billion, the company has been fielding complaints about its spending on executive payouts, fancy retreats and lobbying. To make matters worse, the company has already burned through three-quarters of the government’s loan and may need even more. Given the uproar, we’ve slotted in AIG at number two on Scandal Watch. Read the backgrounder here.
This story can be found on the web at the following address:
http://www.propublica.org/article/scandal-watch-aig/
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