Aig, Financial Crisis | search
Click here to view Aig, Financial Crisis news from 60+ newspapers.
Bookmark or Share- 2007–2008 financial crisis - WikipediaThe 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the 1929 Wall Street crash that began the Great Depression.
- AIG Bailout, Cost, Timeline, Bonuses, Causes, Effects - The BalanceHow did a boring, ultra-safe insurance company become one of the largest bailouts in the 2008 financial crisis? AIG had become a major seller of credit default swaps in an attempt to boost its profit margin. These swaps insured the assets that supported corporate debt and mortgages.
- The Fall of AIG: The Untold Story - Institutional InvestorAIG turned out to be ground zero of the crisis, the most interconnected of all the financial services companies, in large part because it had foolishly decided to insure many of the risks in...
- Falling Giant: A Case Study of AIG - InvestopediaYou may be surprised to learn that the American International Group Inc., better known as AIG (NYSE: AIG), is still alive and kicking, and is no longer considered a threat to the financial...
- American International Group - WikipediaDuring the 2007–2008 financial crisis, the Federal Reserve bailed the company out for $180 billion and assumed controlling ownership stake, with the Financial Crisis Inquiry Commission correlating AIG's failure with the mass sales of unhedged insurance. [15]
More
