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Washington

American International Group still relies largely on government funding for capital and liquidity, and “most observers” expect that the AIG Investment Program will generate “significant losses” to U.S. taxpayers, according to a government report.

The Congressional Oversight Panel’s September report on the Troubled Asset Relief Program (TARP)–called “Assessing the TARP on the Eve of Its Expiration”–says the latest estimates by the Congressional Budget Office, the Office of Management and Budget, and the Treasury Department project losses of $36 billion, $50 billion and $45 billion, respectively.

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