aig

Watchdog: Pay Remains 'Excessive' at Bailed-Out Companies

The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."

AIG May Join Bailout Suit Against U.S. Government

The insurer, rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair. The move would be something of a shock development given that AIG just launched a high-profile television ad campaign called "Thank you, America."

Treasury Has Sold Its Last Shares of AIG (and Turned a Profit, Too)

The Treasury Department said Tuesday that it has sold all its remaining shares of AIG, wrapping up the government's biggest bailout of the financial crisis. With this sale, the government has received $22.7 billion more than the $182 billion in support it provided to AIG during the crisis.

MetLife Sells Bank Unit to Avoid New Fed Regulations

In order to avoid new federal rules and heightened scrutiny from regulators, MetLife has decided to sell its banking unit. That's a smart move for the nation's largest life insurer, and keeps it on a level playing field with its competitors.

Treasury's Big Stake Weighs on AIG's Stock Price

During the past month, AIG stock fell nearly 10% drop after an announcement that the government would sell some of its stake in the insurance giant. The Treasury's ownership in the company has declined from 92% to 77%, but the prospect of its future sell-offs are holding the stock down.