Congress has released documents that break down the $62 billion in contracts between American International Group (AIG: 24.34, -0.54, -2.17%) and various big investments banks – known as counterparties — at the time AIG was struggling for survival in late 2008.
In a move that has drawn intense scrutiny from Congress, the New York Federal Reserve Bank, as it scrambled to piece together a bailout for the troubled insurance giant, requested AIG and regulators at the Securities and Exchange Commission keep the information regarding AIG’s counterparty payments to banks private.
Full story: Controversial AIG Counterparty Documents Released via FOXBusiness.com