NY State AG Cuomo's letter (.pdf) to Senator Barney Frank. "AIG (AIG) now claims that it had no...

|By:, SA News Editor

NY State AG Cuomo's letter (.pdf) to Senator Barney Frank. "AIG (AIG) now claims that it had no choice but to pay these sums because of the unalterable terms of the plan. However, had the federal government not bailed out AIG with billions in taxpayer funds, the firm likely would have gone bankrupt, and surely no payments would have been made out of the plan."