How Tim Geithner Screwed the Taxpayers

Friday, November 6, 2009 10:33 AM

By: Julie Crawshaw

The decision to pay the banks owed money by American International Group 100 percent of what AIG owed them cost American taxpayers at least $13 billion, Bloomberg reports.

Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., a financial consulting firm, says the government squandered billions in the AIG deal.

“There’s no way they should have paid at par,â€