AIG to Pay Penn. $16.8M to Settle Probe Over WC Premium Reporting

June 1, 2012

  • June 2, 2012 at 6:47 am
    Systemic risk says:
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    This article should read, U.S. Taxpayers Pay 16.8M to Settle Probe.
    Since AIG is a now a Federal enterprise backstopped by the Fed & Treasury, this is simply a transfer from US to the State of Pennsylvania, nothing more. AIG executives simply laugh at these probes, knowing that they personally have zero at risk, keeping their unearned salaries & perks… at TAXPAYERS EXPENSE. Moral hazard anyone?

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