fall of AIG, the

William K. Sjostrom

from Palgrave Macmillan

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.

Keywords: AIG; American International Group; CDO; CDS; collateralized debt obligations; credit default swaps; derivatives; tranching (search for similar items in EconPapers)
JEL-codes: G28 G38 K20 K22 (search for similar items in EconPapers)
Date: 2011
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