Wednesday, February 18, 2009
Meltdown 101: AIG, five months into its bailout
It's been five months since American International Group Inc. received its first massive cash bailout from the U.S. government, a move that put the New York-based insurer front and center in a financial crisis that was just starting to get ugly.
A lot of the early headlines about the financial meltdown contained the letters "AIG." It was the among the first companies to be questioned last year about lavish spending by executives, to cut compensation packages and to face investigations by U.S. and foreign authorities.
AP: Meltdown 101: AIG, five months into its bailout
A lot of the early headlines about the financial meltdown contained the letters "AIG." It was the among the first companies to be questioned last year about lavish spending by executives, to cut compensation packages and to face investigations by U.S. and foreign authorities.
AP: Meltdown 101: AIG, five months into its bailout
Permalink posted by markw @ 10:09 AM 
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