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InsuranceLinked Securities North America AIG

AIG should renegotiate CDS deals, says GAO

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The Government Accountability Office (GAO), the investigative arm of Congress, has recommended that the Treasury should deny AIG access to $30bn in contingency bailout funds until the company agrees to rescind millions of dollars in executive bonuses and renegotiate an exit to credit-default swaps with counterparties.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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