{"id":5890,"date":"2010-06-10T16:42:08","date_gmt":"2010-06-10T21:42:08","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=5890"},"modified":"2011-01-20T14:06:53","modified_gmt":"2011-01-20T19:06:53","slug":"aig-bill-still-hitting-taxpayers","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/06\/10\/aig-bill-still-hitting-taxpayers\/","title":{"rendered":"AIG bill still hitting taxpayers"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-5891\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/06\/AIG-logo-150x150.jpg\" alt=\"AIG logo\" width=\"90\" height=\"90\" \/>The <a href=\"http:\/\/cop.senate.gov\/\">Congressional Oversight Panel <\/a>says in\u00a0a scathing <a title=\"report\" href=\"http:\/\/www.latimes.com\/business\/la-fi-aig-bailout-20100611,0,1131242.story\" target=\"_blank\">report <\/a>that the government failed to exhaust all options before bailing out the insurance giant<a href=\"http:\/\/www.aigcorporate.com\/index.html\"> American International Group<\/a> &#8212;\u00a0although the rescue did help the financial system avert collapse.\u00a0 Nonetheless, the watchdog panel says taxpayers may never be paid back all of the $182 billion funneled to support AIG.\u00a0 Former<a href=\"http:\/\/www.federalreserve.gov\/\"> Federal Reserve Bank<\/a> examiner <a title=\"Mark Williams\" href=\"http:\/\/smgnet.bu.edu\/mgmt_new\/profiles\/WilliamsMark.html\" target=\"_blank\">Mark Williams<\/a>, who teaches finance in the <a href=\"http:\/\/management.bu.edu\/index.shtml\">School of Management<\/a> and is author of &#8220;<em><a title=\"Uncontrolled Risk\" href=\"http:\/\/www.uncontrolledrisk.com\/\" target=\"_blank\">Uncontrolled Risk<\/a><\/em>&#8221; about the fall of <a href=\"http:\/\/www.lehmanbrothers.com\/\">Lehman Brothers<\/a>, says the report speaks to the elevated role that\u00a0policymakers have in conducting stronger risk management.<\/p>\n<p><em>\u201cTaxpayers deserve better decision making that incorporates basic risk-management tools, including risk measurement, worst-case forecasting, monitoring, and frequent reporting. <\/em><em>With significantly more taxpayer money at risk, now it is time for policymakers to exercise better risk management.&#8221;<\/em><\/p>\n<p>Contact Mark Williams, 617-358-2789, <a href=\"mailto:williams@bu.edu\">williams@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Oversight Panel says in\u00a0a scathing report that the government failed to exhaust all options before bailing out the insurance giant American International Group &#8212;\u00a0although the rescue did help the financial system avert collapse.\u00a0 Nonetheless, the watchdog panel says taxpayers may never be paid back all of the $182 billion funneled to support AIG.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[514,3058,2955,3059,3129,3060,2385,3128,91,3130,2835,2834],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5890"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=5890"}],"version-history":[{"count":9,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5890\/revisions"}],"predecessor-version":[{"id":7712,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/5890\/revisions\/7712"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=5890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=5890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=5890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}