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Barofsky: US Treasury abdicated responsibility for AIG

Author: Mark Pengelly

Source: Risk magazine | 21 Oct 2009

Categories: Regulation

Topics: US Treasury, Timothy Geithner, American International Group (AIG), Compensation, Credit crisis, Federal Reserve Bank of New York, Troubled Asset Relief Program (TARP)

The payment of retention bonuses at AIG Financial Products last year was the result of an “abdication of responsibility” by the US Treasury, says Neil...

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Barofsky: US Treasury abdicated responsibility for AIG

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