- published: 20 Dec 2013
- views: 22886
American International Group, Inc. – also known as AIG – is an American multinational insurance corporation with more than 88 million customers in 130 countries. AIG companies employ over 64,000 people in 90 countries. The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC). AIG Property Casualty provides insurance products for commercial, institutional and individual customers. AIG Life and Retirement provides life insurance and retirement services in the United States. UGC focuses on mortgage guaranty insurance and mortgage insurance. AIG also focuses on global capital markets operations, direct investment and retained interests.
AIG was a central player in the financial crisis of 2008. It was bailed out by the federal government for $180 billion, and the government took control. The Financial Crisis Inquiry Commission (FCIC) of the US government concluded AIG failed primarily because it sold massive amounts of insurance without hedging its investment. Its :
A stock exchange or bourse is an exchange where stock brokers and traders can buy and/or sell stocks (also called shares), bonds, and other securities. Stock exchanges may also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets, with buyers and sellers consummating transactions at a central location, such as the floor of the exchange.
To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets use electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is restricted to brokers who are members of the exchange. In recent years, various other trading venues, such as electronic communication networks, alternative trading systems and "dark pools" have taken much of the trading activity away from traditional stock exchanges.
Why AIG needed to be bailed out and how it affected public policy. Also, how the bailout will positively affect the future of The United States. Leave your opinions in the comment section down below.
SHOW NOTES and MP3: https://www.corbettreport.com/?p=4956 Most people know "American International Group" as the recipient of the largest bailout in history, but there is much more to this giant insurance company than that. From ties to "Wild" Bill Donovan's OSS to Arkansas money laundering to 9/11 insider trading, today we explore the allegations and connections that continue to haunt the once impervious AIG.
Insure Inspiration. Insure Opportunity. Insure Your Potential. Meet Nicole, Simone, Kenny, Paul, James, Neal, Milin, Bryan, and Jenna. Hear why they feel inspired every day at AIG. Insure your potential to ensure you go as far as you want to go. Visit http://spr.ly/6056BIoqQ.
Watch CEO Peter Hancock discuss AIG’s updated strategy – January 26, 2016. To learn more visit: www.aig.com/strategyupdate Copyright © 2016 American International Group, Inc. Please feel free to share this video, either full-length or in excerpts, as long as no changes are made to the content.
AIG Collapse and Federal Rescue - House Oversight Committee - 2009-04-02 - Product 285045-1-DVD - House Committee on Government Reform and Oversight. Hank Greenberg, who retired as chairman and chief executive officer of American International Group (AIG) in 2005, testified about the history of the company and what led to the need for federal financial assistance. In his remarks he blamed the executives who replaced him for the company's collapse, refusing to accept any responsibility despite coming under fire from lawmakers on his role in fostering the firm's financial products division. Topics included the credit default swap program, the failure of internal controls, and needed reforms to the financial system. This portion of the hearing contains opening statements and beginning questio...
Responding to a populist firestorm over the news that AIG planned to pay out millions in bonuses to many of the executives viewed to be responsible for the firms near-collapse in 2008, President Obama announced he has directed Treasury Sec. Timothy Geithner to pursue every legal avenue to block these bonuses in embargoed remarks obtained by RAW STORY. Obama coughed during his speech and joked, Excuse me. Im choked up with anger here. RAW STORY has more details here. This video is from MSNBCs News Live, broadcast Mar. 16, 2009. Rawreplay.com
עכשיו ב-AIG, נהגים טובים משלמים פחות! חושבים שאתם נהגים טובים? היכנסו: http://goo.gl/SRaFg8
Former AIG CEO on the 12-year case with New York state
Verse 1:
I'm fucked up
Most brothers don't have it like me
Like my brothers in the peep, doing half a century
See God I know it's hard
Black stay in ya zone
Big Dust we lost touch see you when you get home
And my man Stan just got back from doing ten
On some bullshit now his ass is back up again
Wait, Ned did 9 straight
Came home knocking cats out
Playing what's that all about
Aiyyo, you gotta maintain killer
I wanna put you on
So you could be a tee big armed guerilla
And to my peoples in the struggle,
When everyday is a hustle so nobody move a muscle
'Cause Kelly got popped from her man
Both found dead, Money still had the pistol in his hand
Power moves all up in my building selling crack
And kids around my way they just don't know how to act
Like my little man stole drugs got some kids fed
And Ted found him dead with a bullet to his head
Baby brother to my man van
But life gotta go on
You still got me in the God born
And what's his name dies from AIDS
Mom dukes outta commission from breaking bothe her legs
[Chorus]
Yo the inner city life controlled by the outer world G
Another Bronx War Story
Sometimes I have to search for information to find out
Why was we put in these certain situations
The inner city life controlled by the outer world G
Another Bronx War Story
(Repeat last line 4x)
Verse 2:
Peace see God you held me down like a weapon
The Fam I ran with born the ghetto legend
Big shot is set on and dead on KingPin
You and Big just kept mad bells ringin'
Cross town niggaz still fryin' I hold it down
Lord niggaz ain't wid all the shit we was down for
I'm still struggling bubbling for paper
The herds like back in the day to pull a caper
The takers, now I got a plan to expand
Put it short import export to foreign lands
Stand forever like birds of a feather
Together whatever if niggaz flip that's clever
The weather change but the style still remains the same
Who's to blame with the neighbourhood fame
I knew the game since the days that I played as a shorty
[Chrous]
Another Bronx War Story
Sometimes I have to search for information to find out
Why we was put in these certain situations
The inner city life controlled by the outer world G
Another Bronx War Story
(Repeat last line 4x