WASHINGTON--The second highest ranking member of the House Financial Services Committee issued a letter today assailing American International Group for holding lavish meetings while needing a federal bailout, saying AIG "has behaved like a pig at the taxpayer's trough, and it must stop."

The comments of Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, were made in a letter to Federal Reserve Board Chairman Ben Bernanke.

In the letter, Rep. Kanjorski urged Chairman Bernanke to support the agreement between New York Attorney General Andrew M. Cuomo and AIG aimed at recovering what Rep. Kanjorski said was "improper spending" on agents and brokers, cancel upcoming business junkets, and undertake executive compensation reforms.

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