Lawmakers Scrutinize AIG

March 5, 2009 12:00:00 AM PST
So far, more than $162-billion dollars of your money has been funneled into what was once the world's largest insurance company. The government has now made four separate efforts to save the company.The chair of the senate banking committee says he doesn't even know who is in charge of the company.

"This committee would like to know and the taxpayers certainly have a right to know who they are effectively funding and how much they have already been given," said Sen. Christopher Dodd (D) Committee Chair.

Many economists say AIG's failure could trigger a collapse of the financial system worldwide. Government experts are testifying on the hill, but not anyone from AIG.

-----------------------------------------------------------------------------------------------


abc30 News Links:
Links to other news sections on our website.

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.


Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.


-----------------------------------------------------------------------------------------------

Load Comments