The federal government Monday unveiled a new plan to save the troubled insurance company American International Group.

NPR: U.S. Boosts AIG Bailout Package

With time running out on its finances, American International Group continues to plead for assistance in a meeting at the Federal Reserve Bank of New York.

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The luncheon address was provided by Senator Thad Cochran , who chairs the Senate Subcommittee on International Security, Proliferation and Federal Services and the newly created National Security Working Group.

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The Federal Reserve "welcomes" a full review of its September 2008 rescue of American International Group, it told the Government Accountability Office in a letter Tuesday, and it pledged to make available all records and personnel needed to do the review.

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The Federal Reserve Bank of New York recently sold subprime bonds it took on in the 2008 bailout of American International Group Inc.

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Separately, international regulators and the President's Working Group (comprising America's Treasury, the Federal Reserve and others) are looking into securitisation's part in the crisis.

ECONOMIST: Securitisation