05/08/2009 05:12 am ET Updated May 25, 2011

Neil Barofsky's AIG Investigation Launched, Extends To Goldman Sachs Payments

April 7 (Bloomberg) -- American International Group Inc.'s payments to banks including Goldman Sachs Group Inc. after the insurer's bailout are being probed by the chief watchdog of the U.S. financial rescue program.

Neil Barofsky, special inspector general for the Troubled Asset Relief Program, has opened an audit into whether there were attempts made by New York-based AIG or the government to reduce the payments, according to an April 3 letter he wrote to Representative Elijah Cummings. The Maryland Democrat had requested the probe last month along with 26 other lawmakers.

Read more on Bloomberg

Sign up for our email.
Find out how much you really know about the state of the nation.