Economy May 13 Treasury Seeks More Regulation of Risky Derivative Trades The Obama administration is seeking new authority to oversee the virtually unregulated market for derivatives, a class of exotic financial instruments that includes the risky contracts that helped cripple insurance giant American International Group. By Admin, PBS News Hour
Economy Mar 18 AIG Chairman Liddy Heads to Capitol Hill The head of American International Group appeared on Capitol Hill Wednesday amid a furor over bonus pay at the company and told lawmakers that he's called on employees to return a portion the controversial payments. By Admin, PBS News Hour
Economy Mar 16 Obama Cites ‘Outrage’ Over AIG Bonuses President Barack Obama said Monday that he intends to stop American International Group from paying out millions in executive bonuses, as concern intensified over the insurance giant's handling of federal rescue money. By PBS News Hour
Economy Mar 03 Bernanke Defends AIG Rescue, Urges Quick Moves on Economy Federal Reserve Chairman Ben Bernanke advised moving "aggressively" to ease the economic crisis during testimony to lawmakers Tuesday while defending the government's latest moves to prop up troubled insurance giant American International Group. By Admin, PBS News Hour
Mar 02 Government Expands AIG Rescue, Stocks Slump By PBS News Hour The federal government said Monday that it would give floundering insurer American International Group access to an additional $30 billion in U.S. taxpayer money as part of a newly revamped rescue plan. Continue reading
Nov 10 AIG Aid, China Bailout Boost World Markets After G-20 Conference By Admin, PBS News Hour The bailout of embattled insurance giant American International Group, Inc. got another dramatic boost Monday with the U.S. government easing the terms of its loans to the company. Continue reading
Sep 17 Stocks Plunge Despite Fed’s $85B Bailout of AIG By Admin, PBS News Hour Even though the U.S. government threw an $85 billion lifeline to troubled insurer American International Group, Inc. Tuesday, U.S. stocks took another beating Wednesday led by plummeting shares of investment banks Morgan Stanley and Goldman Sachs. Continue reading