Paulson Says AIG Sent Message In Harsh Bailout TermsMark Melin
Former U.S. Treasury Secretary Hank Paulson testified in court yesterday that American International Group Inc. (NYSE:AIG) in fact received harsher terms than many of the large banks because a message needed to be sent that a government bailout came with a harsh cost.
One primary issue in the case is that AIG, which was known not to engage in
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