According to a report from the research arm of Congress, American International Group, one of huge financial institutions to experience extremely dire straits as a result of the financial crisis, has reached a point of stability. However, the same report has raised doubts concerning whether or not AIG will ever be able to restructure and pay back the money it borrowed from the government.
 
This report from the Government Accountability Office came at the same time as Representative Edolphus Towns of New York was preparing to raise the possibility of renegotiating A.I.G.’s debt. Towns, the chairman of the House Committee on …read more

To get their message of anger across, a number of protesters headed to the homes owned by executives of American International Group. AIG executives have been in the news recently after reports indicated that they were to receive millions of dollars in bonuses despite AIG receiving more than $180 billion in federal bailout money.
Following a public outcry, it’s expected that the AIG executives will ultimately end up not seeing most of their bonus money. Going forward, the United States federal government says they will monitor bonuses closely for those companies that are receiving bailout aid.
Once arriving at the homes located …read more

American International Group (AIG) lost more than $60 billion in the final three months of 2008 and has received more than $160 billion in federal aid. However, those facts won’t stop the $165 million that the company will hand over to its executives in the form of bonuses.
Although President Barack Obama has stated that he wants to make sure that bailout money simply isn’t going into the pockets of the top executives at companies receiving the federal money, AIG insists that they don’t have any other alternative in this situation. According to the company, management agreed to these bonuses in …read more

Hank Greenberg, the former American International Group, Inc. CEO, has filed a lawsuit against AIG. The suit claims that AIG has decimated his fortune by not being truthful about the company’s financial well-being.
This lawsuit is just another bump in the road for a company that is facing a number of huge obstacles. In the last quarter, AIG lost more than $60 billion. That dollar figure represents the largest loss by one corporation in one quarter in the history of the United States.
To try to dig AIG out of its hole created by the national credit and housing crisis, the United …read more

American International Group Inc., commonly known as AIG, is getting assisted from the United States federal government for the fourth time. This rescue calls for the government to hand over as much as $30 billion.
Once one of the largest and most powerful companies in the world, AIG has been tortured by the recent economic troubles in the United States. Not long ago, AIG was the largest insurance provider on the planet. Now, the company would cease to exist if it weren’t for the multiple federal bailouts.
On Monday, AIG is expected to announce to shareholders that the company lost more than …read more