Towns Requests AIG Trustees Testify During May 13th Hearing

Washington, DC – U.S. Representative Edolphus “Ed” Towns (D-NY), Chairman of the Committee on Oversight and Government Reform, invited the Trustees of the American International Group, Inc. (AIG) Credit Facility Trust to testify before the Committee on Wednesday, May 6, 2009. In letters to the trustees, Chairman Towns requests that they be prepared to discuss their roles and responsibilities, efforts taken to perform their duties, and whether they believe the U.S. taxpayer investment in AIG is being adequately protected.

Also scheduled to testify during the May 6th hearing is Edward Liddy, the current AIG Chairman and CEO. The hearing will examine the collapse and federal rescue of AIG and what it means for the United States economy. Earlier this month, the House Oversight and Government Reform Committee launched a series of hearings focusing on a comprehensive review of AIG’s rise and fall. The hearings are another part of the Committee’s ongoing investigation into AIG’s collapse.