Since last September, the government’s case for bailing out AIG has rested on the notion that the company was too big to fail. If AIG hadn’t been rescued, the argument goes, its credit default swap ...

AIG's near-collapse in 2008 was triggered by risky bets on collateralized debt obligations and credit default swaps. The U.S. government bailed out AIG with a package reaching up to $150 billion, ...

NEW YORK -- American International Group Inc. said it is paying retention bonuses as planned to employees in the unit that sold credit default swaps, the risky contracts that caused massive losses at ...

In her recent impassioned Senate speech against the repeal of the swaps push-out provision of the Dodd-Frank Act, Senator Elizabeth Warren argued that a vote for repeal was a vote, “…[to] let ...

WASHINGTON (Reuters) - Federal Reserve officials on Tuesday launched a vigorous defence of their dealings with American International Group , calling for a congressional audit and denying any ...

NEW YORK–The running battle between Maurice R. Greenberg and American International Group Inc. opened on yet another front last week as the Starr Foundation, which Mr. Greenberg heads, sued AIG for ...

NEW YORK, Aug 17 (Reuters) - The adequacy of AIG's disclosure on derivatives that drove it to the edge of collapse was questioned by regulators months before the insurer's federal bailout last ...

I confess to being surprised that so many people seem to be surprised that American International Group Inc. has been using the taxpayers' investment to pay other banks and investment banks money they ...

We don’t know who AIG’s counter parties were, i.e., who got the money. And the folks at the Fed and the Treasury aren’t saying. But there are a lot of snippets and shreds of information out there that ...

Sign up for the daily CJR newsletter. Bloomberg News has an important report on how sovereign defaults in Europe could infect the U.S. banking system via ye olde ...

The European sovereign debt crisis stands as the latest in a long line of similar crises. Argentina in 2001. Russia in 1998. Mexico in 1994. The list goes back into history. Debt crises are about as ...