The AIG Bailout
William K. Sjostrom, Jr.∗
Abstract On February 28, 2008, American International Group, Inc., the then largest insurance company in the United States, announced 2007 earnings of $6.20 billion or $2.39 per share. Its stock closed that day at $50.15 per share. Less than seven mont
Coping with Financial and Ethical Risks at American International Group (AIG).
American International Group, Inc. (AIG) reported bogus transactions that hid losses and inflated its net worth. AIG inflated reserve funds that were to be used for paying claims by millions of dollars a