On the Line for Others' Losses

The Federal Reserve is planning an $85 billion rescue for global insurer American International Group. AIG is in a precarious position in part because of concerns about its recently lowered credit ratings and how those downgrades affect its large portfolio of credit default swaps. The health of AIG matters because the company is so deeply woven into the financial fabric that a bankruptcy could cause turmoil in other institutions worldwide.

SOURCE: AIG annual report, National Association of Insurance Commissioners | BY BRENNA MALONEY AND LAURA STANTON - The Washington Post - September 17, 2008

This Story On the Line for Others' Losses Article \| After World War II, a far-flung insurance company in China run by an American businessman took a risky bet insuring that about 20 boats filled with Americans would make it back to the United States. On the Line for Others' Losses		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: AIG annual report, National Association of Insurance Commissioners \| BY BRENNA MALONEY AND LAURA STANTON - The Washington Post - September 17, 2008 ¬es=The Federal Reserve is planning an $85 billion rescue for global insurer American International Group. AIG is in a precarious position in part because of concerns about its recently lowered credit ratings and how those downgrades affect its large portfolio of credit default swaps. The health of AIG matters because the company is so deeply woven into the financial fabric that a bankruptcy could cause turmoil in other institutions worldwide." onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: AIG annual report, National Association of Insurance Commissioners \| BY BRENNA MALONEY AND LAURA STANTON - The Washington Post - September 17, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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