Download Free Troubled Asset Relief Program Status Of Government Assistance Provided To Aig Book in PDF and EPUB Free Download. You can read online Troubled Asset Relief Program Status Of Government Assistance Provided To Aig and write the review.

The 7th report on TARP focuses on the initial assistance the gov¿t. provided to Amer. International Group, Inc. (AIG) ¿ an org. with over 200 co. operating in over 130 countries and jurisdictions and $830 billion in assets ¿ in Sept. 2008 and the restructuring of that assistance in Nov. 2008 and March 2009. The unfolding crisis threatened the stability of the U.S. banking system and the solvency of a number of financial institutions, including AIG. This report describes: (1) the basis for the fed. assistance; (2) the nature and type of assistance and steps intended to protect the government¿s interest; and (3) selected indicators of the status of fed. assistance and AIG¿s financial condition. Charts and tables. This is a print on demand edition of an important report.
Troubled Asset Relief Program: Status of Government Assistance Provided to AIG
"Assistance provided by theDepartment of the Treasury(Treasury) under the TroubledAsset Relief Program (TARP) andthe Board of Governors of theFederal Reserve System (FederalReserve) to American InternationalGroup, Inc. (AIG)-a holdingcompany that, through itssubsidiaries, is engaged in a broadrange of insurance and insurancerelatedactivities in the UnitedStates and abroad-represents oneof the federal government's largestinvestments in a private sectorinstitution since the financial crisisbegan in 2008. Treasury and theFederal Reserve providedassistance to AIG in September2008 that was restructured inNovember 2008 and March 2009. Aspart of GAO's statutorily mandatedoversight of TARP, this reportupdates the risk and repaymentindicators GAO originally reportedin September 2009 (GAO-09-975).Specifically in this report, GAOdiscusses (1) trends in AIG'sfinancial condition, (2) trends inthe unwinding of AIG FinancialProducts (AIGFP), (3) the financialcondition of AIG's insurancecompanies, and (4) the status ofAIG's repayment of its federalassistance. To update theindicators, GAO primarily useddata as of December 31, 2009, andmore current publicly availableinformation; reviewed ratingagencies' reports; identified criticalactivities; and discussed them"
Troubled Asset Relief Program: Update of Government Assistance Provided to AIG
Assistance provided by the Dept. of the Treasury under the Troubled Asset Relief Program (TARP), and the Federal Reserve to Amer. International Group, Inc. (AIG) represented one of the federal government's largest investments in a private sector institution. AIG is a holding co. that engages in a broad range of insurance and insurance-related activities in the U.S. and abroad. This report updates a set of indicators last reported in Jan. 2011. Specifically, it discusses: (1) trends in the financial condition of AIG and its insurance companies; (2) the status of the government's exposure to AIG; and (3) trends in the unwinding of AIG Financial Products. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Assistance provided by the Dept. of the Treasury under TARP, and the Board of Governors of the Federal Reserve System to Amer. International Group, Inc. (AIG) represents one of the federal government's largest investments in a private-sector institution since the financial crisis began in 2008. AIG is a holding company that, through its subsidiaries, engaged in a broad range of insurance and insurance related activities in the U.S. and abroad. This report discusses: (1) trends in AIG's financial condition; (2) trends in the unwinding of AIG Financial Products and the financial condition of AIG's insurance companies; and (3) the status of the government's exposure to AIG. Charts and tables. This is a print on demand report.
To help Congress monitor the condition of AIG and the government's ability to recoup its assistance to AIG, we have developed indicators to monitor the status of the government's exposure to AIG and trends in AIG's financial condition. Because government assistance to AIG is a coordinated approach, in addition to providing timely reporting of Treasury's assistance to AIG, we are also monitoring the efforts of the Federal Reserve.