Troubled Asset Relief Program: Status of Government Assistance Provided to AIG
Troubled Asset Relief Program: Status of Government Assistance Provided to AIG

Author: Gene L. Dodaro

Publisher: DIANE Publishing

Published: 2011-04

Total Pages: 101

ISBN-13: 1437922589

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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
Troubled Asset Relief Program

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-24

Total Pages: 102

ISBN-13: 9781984166494

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Troubled Asset Relief Program: Status of Government Assistance Provided to AIG

Troubled Asset Relief Program
Troubled Asset Relief Program

Author: U.s. Government Accountability Office

Publisher:

Published: 2017-08-16

Total Pages: 98

ISBN-13: 9781974592975

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"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
Troubled Asset Relief Program

Author: United States Government Account Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-05

Total Pages: 98

ISBN-13: 9781983542688

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Troubled Asset Relief Program: Update of Government Assistance Provided to AIG

Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations
Troubled Asset Relief Program: Status of Programs and Implementation of GAO Recommendations

Author: Orice Williams Brown

Publisher: DIANE Publishing

Published: 2011-04

Total Pages: 119

ISBN-13: 1437944973

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Since the Troubled Asset Relief Program (TARP) was implemented, GAO has issued more than 40 reports containing more than 60 recommendations to the Treasury Dept. (Treasury). This report assesses the status of Treasury's implementation of these recommendations and current condition of TARP. Specifically, this report provides info. on; (1) the condition and status of active TARP programs; (2) Treasury's progress in implementing an effective management structure, including staffing for the Office of Financial Stability (OFS), overseeing contractors, and establishing a comprehensive system of internal control; and (3) trends in the status of key relevant economic indicators. Illus. A print on demand report.

Troubled Asset Relief Program: The Government’s Exposure to AIG Following the Company’s Recapitalization
Troubled Asset Relief Program: The Government’s Exposure to AIG Following the Company’s Recapitalization

Author: Thomas J. McCool

Publisher: DIANE Publishing

Published: 2011

Total Pages: 97

ISBN-13: 1437989055

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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.

Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues
Troubled Asset Relief Program: Status of Efforts to Address Transparency and Accountability Issues

Author: Gene L. Dodaro

Publisher: DIANE Publishing

Published: 2010

Total Pages: 16

ISBN-13: 1437914705

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Discusses the Troubled Asset Relief Program (TARP), under which the Dept. of the Treasury has the authority to purchase and insure up to $700 billion in troubled assets held by financial institutions through its Office of Financial Stability. Treasury was granted this authority in response to the financial crisis that has threatened the stability of the U.S. banking system and the solvency of numerous financial institutions. This testimony is based primarily on a March 31, 2009 report -- the third under the act's mandate, which covers the actions taken as part of TARP through March 27, 2009, and follows up on the recommendations made in previous reports. Charts and tables.

The Subprime Virus
The Subprime Virus

Author: Kathleen C. Engel

Publisher: Oxford University Press

Published: 2016

Total Pages: 368

ISBN-13: 0199398283

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In this lively new book, Kathleen C. Engel and Patricia A. McCoy tell the full story behind the subprime crisis. The authors, experts in the law and economics of financial regulation and consumer lending, offer a sharply reasoned, but accessible account of the actions that produced the greatest economic collapse since the Great Depression.