Thursday, February 23, 2012

AIG's profit surges on tax-related accounting gain (AP)

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Rep. Thaddeus McCotter, R-Mich., questions AIG Chairman Edward Liddy during a hearing before the House Financial Services Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises on Capitol Hill in Washington, March 18, 2009. (AP Photo/J. Scott Applewhite)AP - American International Group, the insurance company that was bailed out by the government in 2008, reported a $19.8 billion profit in the fourth quarter of last year, nearly all of it due to a tax-related accounting gain.


Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20120223/ap_on_bi_ge/us_earns_aig

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