Comments on: Federal Government Grants AIG a New Bailout Package

By: AIG Gets Third Government Bailout After Posting Record Loss

AIG Gets Third Government Bailout After Posting Record Loss — Mon, 02 Mar 2009 19:23:14 +0000

[...] replaced a separate $37.8 billion loan to the insurance company with $52.5 billion in aid and made $40 billion of new capital from the U.S. Treasury’s $700 billion Troubled Asset Relief Program… available to purchase the AIG’s toxic [...]

By: AIG to Seek More Government Assistance as it Braces for a $60 Billion Quarterly Loss

Tue, 24 Feb 2009 19:28:23 +0000

[...] replaced a separate $37.8 billion loan to the insurance company with $52.5 billion in aid and made $40 billion of new capital from the U.S. Treasury Department’s $700 billion Troubled Asset Rel… available to purchase the AIG’s toxic [...]

By: LoanClassroom

LoanClassroom — Tue, 24 Feb 2009 01:47:56 +0000

And here they are back again looking at a potential $60 Billion loss. At what point does it become insane?

http://www.loanclassroom.com/blog/largest-loss-is-us-corporate-history/

By: Wall Street's Bonus System Was a Major Financial Crisis Catalyst

Wall Street's Bonus System Was a Major Financial Crisis Catalyst — Fri, 20 Feb 2009 19:56:47 +0000

[...] Martin Sullivan, the former CEO of insurance giant American International Group Inc. (AIG), which needed $85 billion in cash infusions and another $45 billion in backstopping by U.S. taxpayers. Sullivan, who made $39.6 million in his last three years at the firm’s helm, ambled away in June [...]

By: Jutia Group - Market Jitters & Political Critters

Jutia Group - Market Jitters & Political Critters — Mon, 19 Jan 2009 16:14:09 +0000

[...] brokerage firm’s Sept. 15 bankruptcy filing – precipitated an entire chain of events, which included the rescue of insurer American International Group Inc. (AIG), and widespread de-leveraging in the hedge-fund sector, all of which we’ve covered [...]

By: Corporate Bankruptcies Will be a Key Investor Concern in the New Year

Corporate Bankruptcies Will be a Key Investor Concern in the New Year — Tue, 06 Jan 2009 23:59:05 +0000

[...] financial-sector giants American International Group Inc. (AIG) and Citigroup Inc. (C) were both bailed out a vast expense to [...]

By: AIG Looking to Divest Division

AIG Looking to Divest Division — Mon, 22 Dec 2008 14:32:56 +0000

[...] in September with a rescue plan that has since ballooned to about $152 billion (the government had to boost the value of the bailout package back in November after the company deteriorated faster than had been expected). AIG has several years to repay the [...]

By: Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis

Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis — Thu, 18 Dec 2008 09:30:31 +0000

[...] failure of The Bear Stearns Cos., the bankruptcy of Lehman Brothers Holdings Inc. (OTC: LEHMQ), the nationalization of American International Group Inc.(AIG), and a few other minor nap-interrupting events, including the bailout of Citigroup Inc. (C). [...]

By: U.S. Automakers, Freddie Mac and Foreign Exporters Next in Line for Bailout Handouts

Mon, 17 Nov 2008 14:31:30 +0000

[...] of the government’s generosity, as insurance giant American International Group Inc. (AIG) received $40 billion in new capital from this package, under the terms of its newly structured bailout. All told the deal’s worth more than $150 [...]

By: Paulson Amends TARP to Include Equity Stakes in Financial Firms and Assistance to Consumer Finance Companies

Thu, 13 Nov 2008 05:00:21 +0000

[...] billion of the $700 billion rescue fund to the purchase of bank stock, and on Monday, used another $40 billion to prop up insurance giant American International Group. Inc. (AIG). That leaves just $60 billion of the initial $350 billion allocation available for [...]