Twenty-seven House Democrats are calling for an investigation of federal approvals of efforts to unwind transactions with American International Group Inc. counterparties.
The group, led by Rep. Elijah Cummings, D-Md., has submitted the request in a letter to Neil Barofsky, the special inspector general who oversees the Troubled Asset Relief Program.
AIG, New York, recently released lists of the indirect beneficiaries of the federal government’s AIG rescue efforts.
AIG’s lists “raised more questions than they answered,” lawmakers write in the letter to Barofsky.
“We would like to know if the AIG counterparty payments, as made, were in the best interests of the taxpayers who provided the funding and in the best interests of re-establishing long-term economic stability,” the lawmakers write.