RENEE MONTAGNE, host: NPR's business news starts with the global impact of the bank bailout.</s>RENEE MONTAGNE, host: The 2008 rescue package, known as TARP, didn't just keep American banks from going under. The latest report from TARP's Congressional Oversight Panel says the $700 billion rescue package also kept foreign banks afloat. And it did more for them than their own countries did.</s>RENEE MONTAGNE, host: The panel points to the $70 billion committed to the troubled insurance firm AIG, which helped the firm's trading partners in France, Germany and elsewhere.</s>RENEE MONTAGNE, host: To put it in perspective, the billions the U.S. gave just to AIG, was twice as much as France spent to prop up its own banks.
The 2008 rescue package known as TARP didn't just keep American banks from going under. The latest report from TARP's Congressional Oversight Panel says the $700 billion rescue package also kept foreign banks afloat. The panel points to the $70 billion committed to insurance firm AIG, which helped the firm's trading partners in France, Germany and elsewhere.