AIG – THE STRENGHT TO BE THERE…IN THE MIDDLE OF THE CRISIS. THE STORY BEFORE AND AFTER THE BAILOUT

Ramona-Anca Nichita
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Ramona-Anca Nichita: "Babeş-Bolyai" University, Cluj-Napoca

Theoretical and Applied Economics, 2009, vol. 12(541)(supplement), issue 12(541)(supplement), 436-442

Abstract: The vortex unleashed at the end of year 2008 shattered the trust of investors and general public in the financial and credit institutions, which registered huge losses due to the exposure on the financial markets. Comparable as proportion only to the "Great Depression", the current economic crisis has almost destroyed the company American International Group, a symbol of stability and professionalism. A year after receiving the Fed bailout, the company seems to get on its feet, obtaining liquidities by selling certain assets, in order to give back the money it received. Nevertheless, the recovery process is far from being ended, because this could take several years from now.

Keywords: AIG; credit derivatives; stock market; bailout. (search for similar items in EconPapers)
Date: 2009
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