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American International Group stories:
Senate panel to mull Bernanke nomination on Dec. 3
Nov 20th, 2009 - kansascity
Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday. President Barack Obama nominated Bernanke to another four-year term in August...
Nearly half of Americans rate Geithner performance "poor"
Nov 20th, 2009 - Reuters
WASHINGTON (Reuters) - Adding to lawmaker criticism of U.S. Treasury Secretary Timothy Geithner's performance is a new survey released on Friday showing 42 percent of...Janet Tavakoli: Goldman Sachs Nearly Bankrupted AIG
Nov 19th, 2009 - The Huffington Post
Goldman wasn't the only contributor to the systemic risk that nearly toppled the global financial markets, but it was the key contributor to the systemic risk posed by American International Group...
Geithner, under fire, defends AIG bailout
Nov 19th, 2009 - Reuters
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.Taiwan Ministry Denies Rejecting Primus's Bid to Buy AIG Unit
Nov 19th, 2009 - Bloomberg
Nov. 19 (Bloomberg) -- Taiwan’s economics ministry denied anewspaper report that it rejected an application submitted by agroup led by Primus Financial Holdings Ltd...
American International Group videos from YouTube:
1:48American International Group. AIG Fights For Survival. (part 3)
Sep. 16, 2008. The Dow swung from a 174-point drop to a 100-point rally and back to modest declines as speculation about the fate of American International Group kept investors on the edge of their seats. Whether Wall Street ends ...
2:14American International Group. AIG Fights For Survival. (part 2)
Sep. 15, 2008. Nation's largest insurer hit by credit raters as it tries to raise cash. Fed asks Goldman and JPMorgan Chase to raise $70 billion for firm. Shares end down 61%. ------------- The pressure on American International ...
2:03American International Group. AIG Fights For Survival. (part 1)
Sep. 15, 2008. Nation's largest insurer hit by credit raters as it tries to raise cash. Fed asks Goldman and JPMorgan Chase to raise $70 billion for firm. Shares end down 61%. ------------- The pressure on American International ...
8:08Geithner's crimes through AIG : will the truth come out?
Max Keiser and Stacy Herbert and Webster Tarpley talk about AIG being used by Tim Geither to line in the pockets of Goldman Sachs and others recorded on October 31th 2009 . www.bloomberg.com New York Feds Secret Choice to Pay for Swaps Hits Taxpayers By Richard Teitelbaum and Hugh Son Oct ...
American International Group from WikiPedia:
American International Group, Inc. (AIG) (NYSE: AIG) is an American insurance corporation. Its corporate headquarters are located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London; continental Europe operations are based in La Défense, Paris, and its Asian headquarters office is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was once the 18th-largest public company in the world. It was listed on the Dow Jones Industrial Average from April 8, 2004 to September 22, 2008.
AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. The United States Federal Reserve Bank on September 16, 2008, created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG.
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