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Loan Modification

: Mortgage Lender Implode-o-Meter

Treasury Hid A.I.G. Loss, Report Says

By Implode-Explode Heavy Industries

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``The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, when it abandoned its usual method for valuing investments, according to a report by the special inspector general for the Troubled Asset Relief Program... He said the Treasury?s statements tended to contribute to a ?widespread, but mistaken, belief that TARP is at or near its end.?''

Full post as published by Mortgage Lender Implode-o-Meter on October 26, 2010 (boomark / email).

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