AIG's collapse was not due to insolvency but illiquidity. They had mortgage backed securities which derive their income from a pool of mortgages that had been securitized. The bailout came at a cost to AIG as the Treasury received warrants for approximately 80% of all shares. Thus, to some, the bailout was a nationalization of the company. See wikipedia on AIG and mortgage backed securities.
The US Government now owns 80% of AIG.
One contributing factor to the 2008 economic turn down was the continuing slide in new home building starts and the slow down of the residential and business sales rate. Another large problem was the $42 Billion advances to AIG under the Fed's Revolving Credit Facility. This was the so called bail out of a multi national insurance corporation. The combination of the slow down in the real estate markets and the collapse and subsequent bail out of AIG resulted in the continuing economic problems of 2008. The size of the almost $10 Trillion in US Government debt was another large factor.
The constitution prevents excessive bail, however certain crimes are excluded from having bail. Certain murder charges and domestic violence as well as the courts determination of a defendants likelihood to flee will be sufficient to issue a NO BAIL. Numerous other charges carry a no bail as well. Just remember, the more heinous the crime the more chance it will carry a no bail set by the judge.
The Eighth Amendment. But it doesn't exactly address "reasonable" bail it only prohibits the imposition of excessive bail.
The 8th amendment guarantees that excessive bail may not be assessed.
September 19, 2008 was a financial and banking crisis. Lehman Brothers failed, the government had to bail out AIG.
AIG fullform
You can find aig auto insurance quote directly online on the aig website. You can also call aig directly to get a quote.
AIG stands for American International Group.
The company AIG was founded in 1919
NO ING is not failing.... AIG is.
The ticker symbol for AIG (American International Group) is AIG and it trades on the New York Stock Exchange.
What is your personal situation? What are you trying to do? What are you after? Then I can tell you why or why not AIG! 4LifeGuild
You can very easily get an aig quote by going to the aig website. You can fill out some simple paperwork and get a quote within minutes.
Robert H. Benmosche is the current CEO of AIG.
In 1960 Greenberg joined AIG
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.