Lawmaker demands information on loans from banks to AIG

11/25/2009 | Wall Street Journal, The

Rep. Spencer Bachus, R-Ala., asked Treasury Secretary Timothy Geithner to provide information on loans extended to American International Group and its subsidiaries. "While foreign and domestic counterparties were made whole, AIG has been attempting to force many of its creditors that are U.S. banks to accept severe reductions in the debt owed to them," Bachus wrote. "It's tremendously unfair."

View Full Article in:

Wall Street Journal, The

Published in Brief: