Warren says AIG's rescue has a "poisonous effect" on the market

10/5/2010 | Politico (Washington, D.C.)

The Obama administrating has been touting the success of the Troubled Asset Relief Program, including a plan to end the rescue of American International Group. However, Elizabeth Warren, a Harvard University professor chosen by President Barack Obama to create the Consumer Financial Protection Bureau, is scrutinizing the AIG effort. "The rescue of AIG continues to have a poisonous effect on the marketplace," Warren said. "As long as the biggest companies in America believe that you and I will bail them out, the worst effects of the AIG rescue will linger."

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