TARP Investigator: The Treasury Is Using Unusual And Misleading Accounting Practices To Hide TARP Losses

In an early October report, the Treasury approximated that taxpayers would lose just $5 billion on their investment in American International Group (AIG), a tiny fraction of the $182 billion bailout AIG was originally extended. But the New York Times reports that according to special inspector general for TARP Neil Barofsky, the Treasury has concealed $40 billion in losses on AIG alone.