AIG News

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FDIC Probing 50 Banks, but Still No Fall Guy for Financial Crisis

(Nov. 17) -- Remember the savings-and-loan crisis? Charles Keating was the high-profile villain and served four years in prison for fraud. Five senators -- the so-called Keating Five, which included John McCain -- were scolded by the Senate Ethics Committee. Enron also produced some easily identifiable bad guys, most...

Bat Fellatio, Whale Snot Research Honored at Ig Nobel Awards

(Sept. 30) -- Every day of the year, scientists try to solve life's riddles, like how to use a remote control helicopter to retrieve whale snot, and whether or not swearing actually relieves pain. One night of the year, the science world comes together to honor the men and women seeking the answers to these difficult --...

AIG Agrees on Plan to Repay US Taxpayers for Bailout

(Sept. 30) -- Finally, after many months of preparation and planning, American International Group (AIG) announced Thursday that it had entered into an agreement with the Treasury Department and the Federal Reserve Bank of New York about how it will repay its obligations to the U.S. government. "This is a pivotal...

Political Cartoons in the Age of Oil Spills and Obama

(Aug. 3) -- America is a very polarizing place these days, and while that is frustrating for some people, it's giving editorial cartoonists like Daryl Cagle a lot to draw upon. "Things are crazy, so this is a good time to be a cartoonist with a political point of view," said Cagle, who does cartoons for MSNBC.com. "People...

Is Tim Geithner Going to Block Elizabeth Warren From Leading New Consumer Protection Agency?

(July 16) -- Treasury Secretary Tim Geithner doesn't like Elizabeth Warren. In her capacity as chairwoman of the Congressional Oversight Panel monitoring the U.S. banking bailout, she has interrogated Geithner before Congress (and the American public), and those interrogations have not reflected favorably on him. A typical...

Background on AIG

American International Group, Inc. () or AIG is an American multinational insurance corporation. Its corporate headquarters is reported as 180 Maiden Lane in New York City.

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