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Monday, 12 March 2012

Elizabeth Warren Slams AIG Tax Break

Monday, March 12, 2012
WASHINGTON -- Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department on Monday for quietly granting a tax break worth billions to insurance giant American International Group.

The tax break amounts to a "stealth bailout" on top of the $182 billion that AIG received from the government, and it unfairly helps AIG, its shareholders and executives, former oversight panel chair Elizabeth Warren and others said.
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