0
What else can I help you with?
Which president bailed out AIG?
bush
Who bailed out AIG?
American International Group (AIG) was bailed out by the U.S. government during the 2008 financial crisis. The Federal Reserve provided an initial $85 billion loan, which was later expanded to around $182 billion in total assistance. This intervention aimed to stabilize AIG due to its significant role in the global financial system and to prevent broader economic collapse.
What was the AIG scandal?
AIG is an insurance agency that fell victim to the housing market collapse. The company was considered "too big to fail" and bailed out by the US government. The scandal related to the underhanded tactics and fraud perpetrated by AIG executives.
Which of the major banks were bailed out by the federal government?
AIG was the main bank that was bailed out by the government. It is outrageous that we pay taxes for multi billion dollar corporations to be bailed out. The government did not bail them out, we did. It is our hard earned money going to work I guess.
Will you lose your annuity if aig goes under?
I am looking for answers to this myself, AIG annuities is a subsidy of AIG and should be insulated from the credit concerns of the parent company, however NY state's actions of allowing AIG to use policy holder's account as collateral clouds the issue. Aig personnel are not able to answer this question either, this unpercedented situation is unfolding so quickly, they have not been briefed. They did advise however that the principal is guaranteed but with 20 years of interest in the account that is little comfort. What can you do? by the time you are able to transfer the funds out it will be a moot issue, they will either have been bailed out or in bankruptcy.
What company insures the pension trust of Congress?
Snopes.com is investigating a claim that AIG (bailed out by Congress) insures the Congressional Pension Trust. Their status is undetermined at this time.
Why did AIG CEO Edward Liddy ask some executives for their bonus money back?
Because he realized that it was making the world unhappy, it wasn't FAIR, and they need the money. Also, AIG was bailed out from the government. That means it was taxpayer's money going to somebody's bonus who already had a ton of money.
When did AIG file bankruptcy?
AIG did NOT file bankruptcy. It was bailed out by the Federal government, who now owns 79.9% of the company (just shy of the 80% needed to formally put it on Uncle Sam's books). Past stockholders--or whoever bought shares from them--still own the rest, unlike a true bankruptcy such as GM or Chrysler.
How many people use AIG auto insurance?
According to the AIG website, AIG serves more than 88,000,000 customers. It does not, however, give a breakdown as to how many of those are specifically auto customers.
Where can AIG news be located?
There are a number of good websites that will provide one with news about AIG. These include the Forbes website, Bloomberg and The New York Times website.
What was the stock quote for AIG at midnight May 28th 2013?
The stock quote for AIG was around $44 on May 28th, 2013 at midnight. The AIG stock has been falling quote steadily for a while and is projected to keep falling.
How many people does AIG have employed?
AIG is an american insurance company employing between 30,000 and 40,000 people both in the U.S. and abroad.
