Getting your player ready...
WASHINGTON — Lawmakers blasted state and federal regulators for dodging blame and keeping secrets after the failure of insurance giant American International Group, which now has access to more than $170 billion in taxpayer money.
Calling AIG “the greatest corporate failure in American history,” Sen. Richard Shelby, R-Ala., needled the New York state insurance regulator and representatives from the Federal Reserve and Office of Thrift Supervision about the lack of oversight leading to the company’s collapse.
