The U.S. government's fiscal watchdog said today that the federal government could ultimately make more than $15 billion from its investment in American International Group, an investment the government said was necessary to save AIG from insolvency.
The investments were made starting Sept. 16, 2008.
Besides the facilities, backed by bonds of various of various quality, and the stock of several AIG subsidiaries that have since been sold in whole or in part, at one point the cash loans to AIG by the Treasury Department and the Federal Reserve Bank of New York were as high as $225 billion.
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