Abstract

http://ssrn.com/abstract=1408188
 


 



Testimony Before the House Oversight Committee Concerning the AIG Trust


J. W. Verret


George Mason University School of Law

May 21, 2009

George Mason Law & Economics Research Paper No. 09-27

Abstract:     
This written testimony accompanied Professor J.W. Verret's oral testimony before the House Committee on Oversight and Government Reform. This testimony outlines flaws in the Trust Agreement established by the Federal Reserve Bank of New York to manage the government's $180 Billion investment in AIG. Also testifying during the hearing were Ed Liddy, the CEO of AIG, and the three trustees nominated by the Federal Reserve to manage the Trust.

Number of Pages in PDF File: 4

Keywords: bailout, Citicorp, Corporate Federalism Initiative, ERISA, Geithner, George Mason Law School, government ownership, immunity, indemnity, Issa, Mercatus Center, nationalization, public companies, TARP, Towns, Treasury Department

JEL Classification: G18, G21, G28, G34, G35, G38

working papers series





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Date posted: May 21, 2009  

Suggested Citation

Verret, J. W., Testimony Before the House Oversight Committee Concerning the AIG Trust (May 21, 2009). George Mason Law & Economics Research Paper No. 09-27. Available at SSRN: http://ssrn.com/abstract=1408188 or http://dx.doi.org/10.2139/ssrn.1408188

Contact Information

J. W. Verret (Contact Author)
George Mason University School of Law ( email )
3301 Fairfax Drive
Arlington, VA 22201
United States
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