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Bailouts

• New York Post

Eleven months into the massive, $182.5 billion taxpayer bailout of ailing insurance giant AIG, the company appears to be foundering in a stormy sea of bungled deals, consultants run amok and a lack of senior management. Stymied in its attempts to gain information on how taxpayer money is being spent, Congress is expected to send a team of investigators to AIG's New York offices tomorrow to begin a probe into the most costly corporate tragedy in American history. The company has failed to disclose its spending since September on more than 3,000 consultants who have produced 53.6 million pages of documents pertaining to AIG's accounting alone

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