AIG Collapse and Federal Rescue
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AIG Collapse and Federal Rescue
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AIG 2008: WALL STREET'S BACKDOOR RESCUE! Amid 2008's meltdown, insurance giant AIG nearly collapsed from $440B in toxic subprime bets via credit default swaps, threatening global finance. Fed/Treasury injected $182B bailout—starting with $85B loan for 79.9% stake—saving AIG while funneling billions to banks like Goldman Sachs ($12.9B). Critics screamed
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AIG 2008: WALL STREET'S BACKDOOR RESCUE! Amid 2008'…
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