What happened with AIG?
I think AIG is named as biggest Insurance company in this world. To make it short, I believe AIG has involved a big and high interest to pay out for sort of contract. It is so big a business giant world wide and needs a big amount of overheads. Due to the AIG huge investment including funds, particularly the hedge funds (a few websites described this is the sin fund), stock markets, life insurance, saving funds, real estates, pension funds, retirement saving plan, and many variety of financial activities. As the stock markets have crashed worldwide, AIG can’t afford to pay off the those monies for their clients for insurance claims, pension plan payments, including high interest rates for giving away as well as the debts. The following website has provided the detailed information of what AIG it is, how they operate in terms of a variety of financial activities, winning and losing, falloufall outsthe whole damn thing.
