It would appear that AIG is selling everything but it’s black budget operations, which the government will then essentially own. Sounds a bit circular to us but that is how document management on very big frauds seem to go these days. Only the Treasury and the Fed will know where all that money went and no amount of Freedom of Information requests and subpoenas will require them to tell.
AIG: Doomed to Fail?
CNNMoney.com (28 Apr 09)
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These insurance companies don’t limit denials to returning workers. I have direct knowledge that State Farm and Allstate routinely deny claims. This practice includes far more than AIG. AIG, however, may be the tallest non-paying insurance hawk at the trough. The movie “The Rainmaker” comes to mind . . . .
The bailed-out insurance giant AIG has come under intense criticism for handing out hundreds of millions in bonuses to top executives and billions in payments to other financial firms, all while receiving taxpayer aid. But new disclosures on its handling of insurance claims add a fresh angle to the ongoing scrutiny of AIG. According to the investigative website ProPublica, AIG and other top insurance companies have routinely denied medical benefits to civilian contractors wounded in Iraq and Afghanistan. Many workers have returned home to face long, grinding battles for basic medical care, artificial limbs and psychological counseling.
http://www.democracynow.org/2009/4/28/injured_war_zone_contractors_fight_to