AIG and the financial crisis: Overdue examination

Posted: January 9, 2013 in economy
Tags: , ,

BEFORE imploding at extraordinary cost to the world’s financial system and America’s taxpayers, AIG was considered a financial fortress: it boasted a high stock valuation, an AAA credit rating (heavily used in the firm’s marketing which suggested that it would stand behind its commitments to customers) and was led by a chief executive, Hank Greenberg (pictured), adept at squashing critics.

via Economic Crisis http://www.economist.com/blogs/schumpeter/2013/01/aig-and-financial-crisis?fsrc=rss

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