It remains unclear whether the federal government will be able to fully recoup its investment in American International Group (AIG), the Government Accountability Office (GAO) says in a new report.
The GAO makes its comments even though AIG has reduced the balance it owes the Treasury to $85 billion from the $123.1 billion it owed in December 2010.
The GAO says, "The government's ability to fully recoup its exposure to AIG continues to be determined by the long-term health of AIG, changes in market conditions and how Treasury balances its interest in selling its shares in AIG as soon as practicable while striving to maximize taxpayers' return."
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