Pre-September 2008: The AIG Crisis Over the years‚ AIG built upon its premier global franchises in life and general insurance by expanding into a range of financial services businesses. One of these‚ created in 1987‚ was AIG Financial Products Corp. (AIGFP)‚ a company that engaged as principal in a wide variety of financial transactions for a global client base. In 1998‚ AIGFP began to sell credit default swaps to other financial institutions to protect against the default of certain securities
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Running head: AIG BAILOUT AIG Bailout Clari McGougan‚ Shawna Wilson‚ Keasha Kessler‚ Lashonda Edwards‚ Dale Ballard‚ and Michael Baltzelle University of Phoenix AIG Bailout The main ethics categories and theories involved in the American International Group (AIG) bailout are duty based ethics which has its pros and cons‚ and the theory is deontological which puts the rightness of an action before good. The pros of duty based ethics are equal rights are important to every person
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Generale‚ Deutsche Bank AG and UBS AG. That’s about half the $66.7 billion that those companies‚ the five biggest beneficiaries of loans and capital infusions for AIG‚ said they spent on pay and benefits last year for employees‚ some of whom created or traded toxic subprime assets that proved deadly for lenders. The bonuses paid by AIG and the banks were allowed under a congressional exemption from compensation limits on companies getting government rescue funds. The Treasury staff requested the
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likely seen the American International Group (hereinafter AIG) commercial with the little boy who walks into his parent’s room while they are sleeping. When his mother asks if he had a nightmare‚ he says “no” and that he’s worried about his parent’s financial future. After a twenty-second spiel about his worries‚ the father says‚ “Buddy‚ we’re with AIG” and he goes‚ “Oh!” and walks out of the room and (assuming) back to his bedroom.[1] AIG‚ established as a Delaware corporation in 1921 by Maurice
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Was Jamestown a Fiasco? The article Taking Sides has two very interesting points of view. On one side you have Edmund Morgan that makes the argument that the settlement of Jamestown was a fiasco more than a plan. The other side has Karen Kupperman taking the stance that the whole Jamestown settlement was an experiment of trial and error. They both make very compelling arguments and there is truth to both sides. Although I would have to say I agree more with Karen Kupperman on the fact that it
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Group Presentation: Groupware Fiasco B.C. Polk State College Abstract The Groupware fiasco begins with a struggling human sciences and humanities department at a university that has just experienced radical changes. The dean of the HSH division‚ Dr. Susan Pollard‚ enlists Dr. Eve Gordon to increase the efficiency of the division in her absence and decides the division’s secretaries - suffering from poor communication‚ gossip and animosity about unfair workloads
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A Contextual Analysis of “Words I Never Said” by Lupe Fiasco “Words I Never Said” is the second single released from Lupe Fiasco’s third album Lasers. This single was released on February 8th‚ 2011 for online download. “Words I Never Said” is a very informative and somewhat opinionated song. Through his lyrics‚ Lupe Fiasco is trying to speak out to the people and let them know what is really going on in the world and how they should pay attention because they play a huge part in it. The lyrics refer
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sat with still treated me as a friend and not as an outsider. Lip Sync’s culture was very interesting in the way that there was a strong sense of competition while still bringing everyone together to show Kennesaw’s culture of community. The Lupe Fiasco concert had a large sense of community as its culture. I’m assuming a large majority of the people didn’t know any of his songs besides Lupe’s most popular one‚ (like myself) but the whole performance was still so much fun and I think that was largely
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Outsourcing Fiasco Introduction Mentara Bhd (previously known as Mentara Sdn Bhd)‚ which started as a family owned business‚ was incorporated in 1995. The company is involved in distributing a wide range of products including food and beverages‚ home appliances and garments. The founders of the business were Dato Ir Johan Arshad and his wife Datin Jamilah Karim. Dato Johan was an engineer for one of the largest oil companies in Malaysia before he decided to quit and start on his own. In 1995
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Introduction AIG‚ American International Group Inc.‚ is one of the top multinational insurance corporations. AIG‚ with asset of 556 billion‚ provides insurance service for more than 150 different countries and it has over 630‚ 000 employees over the world. Even though AIG is such a giant corporation‚ it has encountered financial problems in the early 2000s. Under financial pressure and a lack of internal control‚ AIG have committed frauds resulting in several scandals. One of the accounting scandals
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