The Cycle

Cuomo to investigate AIG’s spending since 2007

As a follow-up to our piece on AIG and its spending during this financial crisis, ABC News is reporting that Attorney General of New York Andrew Cuomo plans to “review, rescind, and recover all past unreasonable expenditures” from AIG since January 2007.

“We believe these expenditures and payments, made in the absence of fair consideration, violated New York law,” Cuomo said in a letter to the AIG board of directors.

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