AIG should be forced into renegotiating contracts - reports
(BESTWIRE) - The U.S. Treasury should make the $30bn in promised future aid to American International Group Inc. contingent on renegotiating contracts with its executives, employees and financial counterparties, a new report by the U.S. Government Accountability Office recommends.
Presented to the Senate Finance Committee by Acting U.S. Comptroller General Gene L. Dodaro, the report suggests that because AIG would face credit downgrades and potentially even total failureOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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