A federal judge has cleared for trial a claim by former AIG executive Maurice Hank Greenberg that the U.S. government acted inappropriately when it took control of AIG in September 2008.
Robert Benmosche, American International Group president and CEO, today apologized in person to a senior Maryland congressman for his remarks comparing the uproar over AIG Financial Products bonuses to the lynching of blacks during the civil rights battles.
Robert Benmosche, American International Group president and CEO, today apologized in person to a senior Maryland congressman for his remarks comparing the uproar over AIG Financial Products bonuses to the lynching of blacks during the civil rights battles.
AIG CEO Robert Benmosche is under heavy fire from a senior Maryland Democratic congressman after comparing the intense criticism of bonus payments made in 2009 to AIG Financial Products executives to the lynching of blacks during the civil rights battles of several decades ago.
Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.
Five years after AIGs emergency takeover by the Federal Reserve Board, a National Economic Council report touts the bailouts successes, while the New York DFS reopens an investigation into the insurers risk-management practices leading up to the federal actions.
A report released by the Federal Reserve Board shows taxpayers made $9.5 billion through its investment in two facilities used to help provide liquidity to AIG to prevent its collapse in 2008.