Officials fret over outlook for AIG during 6-hour meeting

05/27/2010 | New York Times (tiered subscription model), The

Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, called a six-hour meeting Wednesday on the financial condition of American International Group "an exercise in great frustration." Officials are worried that AIG will be unable to repay $49.1 billion it received in the form of taxpayer investments, but did say they expect to recoup $83.2 billion. AIG chief executive Robert Benmosche and James Millstein, who is overseeing the company's restructuring for the Treasury Department, offered reassurances that the company was moving forward with plans to restructure and sell assets.

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