American International Group, Inc. known as AIG is an investment phoner which is engaged in a variety of indemnification and separate related activities within the United States, and also it is an international insurance organization with operations in more than 130 countries and jurisdictions. (AIG, 2008; big board, 2009) Their primary(prenominal) activities include general; life insurance; retirement go operations; financial services; and asset management. (Wikipedia, 2000) AIG sold its 55% stake in London City Airport in September of 2008 and the United States insurance companies sold its residential mortgage-backed securities portfolio to maiden Lane II LLC in December 2008. Their common stock certificate is listed on the New York Stock Exchange and as tumesce in Ireland and Tokyo. (AIG, 2008; NYSE, 2009) AIG became the 18th largest public family in the realism according to the Forbes Global 200 list in 2008. On September 16, 2008, AIG suffered from a liquidity crisis after it’s opinion ratings fell to and “AA” levels, and the Federal Reserve marge created a $85 billion credit facility in order for the company to meet collateral, other cash obligations, and at the cost to them of the yield of a stock warrant to the Federal Reserve Bank for 79% of the equity of AIG. The U.S.
establishment revised its loan software system in November 2008 which it increase their total amount to $152 billion. This attempted them to handle assets in order for them to repay their loans. As of right now, the U.S. government has given the company over $170 billion. Lately, AIG became the big publicize in today’s news. The public, congress, and of course, President Obama were truly overrule when their heard about the $165 million were being 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:
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