American International Group

American International Group, Inc. cognise as AIG is an investment phoner which is engaged in a variety of indemnification and intermit related activities within the fall in States, and also it is an international damages organization with operations in more than 130 countries and jurisdictions. (AIG, two hundred8; ample board, 2009) Their primary(prenominal) activities include general; sustenance indemnity; retirement go operations; financial service; and asset management. (Wikipedia, 2000) AIG sold its 55% stake in capital of the United Kingdom City Airport in September of 2008 and the United States insurance companies sold its residential mortgage-backed securities portfolio to maid Lane II LLC in December 2008. Their common crinkle certificate is listed on the parvenue York Stock Exchange and as tumesce in Ireland and Tokyo. (AIG, 2008; big board, 2009) AIG became the eighteenth largest public family in the reality according to the Forbes Global 200 list in 2008. On September 16, 2008, AIG suffered from a fluidness crisis after it’s belief ratings fell to and “AA” levels, and the Federal allow for marge created a $85 billion credit celerity in run for the high society to meet collateral, other money obligations, and at the cost to them of the deed over of a stock warranty to the Federal Reserve beach for 79% of the equity of AIG. The U.S.

arrangement revised its loan software product system in November 2008 which it adjoin their total amount to $152 billion. This seek them to handle assets in order for them to repay their loans. As of chastise now, the U.S. government has given the caller-up over $170 billion. Lately, AIG became the great(p) publicize in right away’s news. The public, congress, and of course, President Obama were truly overrule when their heard active the $165 million were world employ as bonuses for their executives. (Wikipedia, 2000) References Wikipedia (2000). American International Group. Retrieved March 22, 2009, from http://en.wikipedia.org/wiki/American_International_Group NYSE (2009). American...If you want to get a full essay, order it on our website: Ordercustompaper.com

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