Category Archives: AIG

AIG – A Footnote

Six years later the tumult of the 2008 financial crisis remains in the news, with renewed consideration of the Lehman and AIG sagas and of the federal government’s reaction to each.  The financial panic generated by Lehman’s bankruptcy early on Monday September 15th, after being left to fend for itself by the federal government (including the Federal Reserve Bank of New York, the Federal Reserve Board of Governors and the Treasury Department), led to an opposite tack with AIG just 36 hours later.  Their differing outcomes continue to fuel passionate arguments, both in public policy and in courtrooms, with larger narratives sometimes swallowing the actual facts.

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