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Unpacking the insurance giant's failure when you look at the 2008 financial crisis The fresh new collapse and near-incapacity from insurance coverage icon Western Internationally Group (AIG) try a major moment from the recent overall economy. AIG, a major international company with about $step one trillion inside possessions prior to the crisis, shed $99.2 billion within the 2008. To your September 16 of these seasons, the newest Federal Reserve Bank of new York walked when you look at the that have an $85 million loan to store the latest a deep failing business out-of going under. Once the AIG's near-incapacity is a well known and you will iconic event in the economic crisis, they considering an excellent touchstone getting then financial change talks, and you will significant amounts of factual statements about AIG together with conserve is in the public website name. 10015

Category: pay cash in advance

Unpacking the insurance giant’s failure when you look at the 2008 financial crisis

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