Abstract
This article provides a brief overview of AIG’s operations and explains why AIG suddenly collapsed. It then details the terms of the initial US government bailout and later restructurings. Finally, the article describes the regulatory gap exploited by AIG and ensuing regulatory reform.
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AIG Annual Report. 2007.
AIG Quarterly Report, September, 2008.
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Mollenkamp, C. et al. 2008. Behind AIG’s fall, risk models failed to pass real-world test. Wall Street Journal, 3 November, at A1.
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The Federal Reserve Board. 2008. Press release, 16 September.
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Sjostrom, W.K. (2018). Fall of AIG. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2979
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2979
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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