NU Online News Service, June 30, 3:00 p.m. EDT
Requirements tied to American International Group's bailout could prevent the company from recovering money from financial institutions such as Goldman Sachs that may have purposely steered AIG toward insuring bad mortgage deals, according to a New York Times story.
In a lengthy, yet comprehensive piece, The New York Times reported that documents the paper reviewed "indicate that regulators ignored recommendations from their own advisers to force the banks to accept losses on their AIG deals and instead paid the banks in full for the contracts."
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