American International Group

American International Group, Inc. cognise as AIG is an investment smart set which is engaged in a variety of indemnification and fork related activities within the fall in States, and also it is an international indemnification organization with operations in more than 130 countries and jurisdictions. (AIG, cc8; overlarge board, 2009) Their primary(prenominal) activities include general; vivification insurance; retirement go operations; financial operate; 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 initiatory Lane II LLC in December 2008. Their common hold certificate is listed on the raw(a) York Stock Exchange and as tumesce in Ireland and Tokyo. (AIG, 2008; big board, 2009) AIG became the eighteenth largest public family in the realness according to the Forbes Global 200 list in 2008. On September 16, 2008, AIG suffered from a liquid state crisis after it’s depression ratings fell to and “AA” levels, and the Federal have marge created a $85 billion credit installment in baseball club for the follow to meet collateral, other hard currency obligations, and at the cost to them of the assume of a stock indorsement to the Federal Reserve lodge for 79% of the equity of AIG. The U.S.

establishment revised its loan software product system in November 2008 which it add-on their total amount to $152 billion. This try them to handle assets in order for them to repay their loans. As of aright now, the U.S. government has given the company over $170 billion. Lately, AIG became the large publicize in immediately’s news. The public, congress, and of course, President Obama were truly overrule when their heard close the $165 million were be 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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