The Board of Governors of the Fed. Reserve System

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Federal Financial Assistance: Preliminary Observations on Assistance Provided to AIG: Congressional Testimony

Our Price: $20.00

By Orice M. Williams (au)
Year: 2009
Pages: 23
Binding Paperback

Product Code: 1437914403

Description

The Board of Governors of the Fed. Reserve System and the Dept. of the Treasury have made available over $182 billion in assistance to American International Group (AIG) to prevent its failure. However, questions have been raised about the goals of the assistance and how it is being monitored. Also, because AIG is generally known for its insurance operations, questions exist about the effect of the assistance on certain insurance markets. This statement provides preliminary findings on: (1) the goals and monitoring of fed. assistance to AIG and challenges to AIG’s repayment of the assistance; and (2) the potential effects of the fed. assistance on the U.S. commercial property/casualty insurance market. Illustrations.

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