Focus (Forum & Focus)
Oct. 30, 2008
You Can't Spell Litigation Without AIG
While there have been large bankruptcies in the past, few have involved companies of the size or scope of AIG, and even fewer have had insurer subsidiaries entangled in the bankruptcy proceedings, writes Keith A. Meyer. - Focus Column
FOCUS COLUMN
By Keith A. Meyer In recent weeks, many well-known financial institutions have either gone broke or have been sold to more solvent companies, often at fire-sale prices, and frequently with the assistance of the federal government. However, when American International Group faced imminent collapse in mid-September, the government took a different approach. It agreed to loan up to $85 billion to AIG in exchange for nearly 80 percent of ...For only $95 a month (the price of 2 article purchases)
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