Treasury Hid AIG Losses by Keeping Two Sets of Books

Treasury Hid A.I.G. Loss, Report Says
MARY WILLIAMS WALSH

The United States Treasury concealed $40 billion in likely taxpayer losses on the bailout of the American International Group earlier this month, when it abandoned its usual method for valuing investments, according to a report by the special inspector general for the Troubled Asset Relief Program

http://www.nytimes.com/2010/10/26/business/26tarp.html