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is reporting that Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP), has opened an investigation into AIG's payments to its counterparties:

Twenty-seven congress members, led by Elijah Cummings (D-MD),

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on March 25. After AIG was bailed out last fall, banks that bought credit-default swaps got $22.4 billion in collateral and $27.1 billion in payments to retire their contracts, the insurer said on March 15.

Major recipients of the pass-through money included Goldman Sachs, as well as French and German banks.

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