| Case No: |
A203 |
| Title: |
AIG - Blame for the Bailout |
| Publication Year: |
2009 |
| Author(s): |
Maureen F. McNichols;
Nathan T. Blair
|
| Abstract Text: |
This case takes an in-depth look at the events and causes leading to the U.S. government bailout of American International Group. Source material includes testimony before Congress, AIG’s public disclosures and various news articles. The case tells the history of AIG, its Financial Products division and credit default swaps. The case then highlights several external and internal factors cited by management, experts and the press as having a role in AIG’s failure. These factors include AIG’s governance, compensation and risk management policies, as well as the roles played by the rating agencies, accounting standards (specifically mark-to-market accounting) and regulation. |
| Keywords: |
Regulation, Risk Management, credit default swap, governance, Incentives, AIG, financial crisis, rating agencies |
| Paper Copy Available: |
You may purchase this case from Harvard Business Publishing
|
| Electronic Copy Available: |
GSB Faculty, Students and Staff only may view PDF document, authorization required.
| To view and print the PDF, you'll need Adobe's free Acrobat Reader, downloadable from Adobe's site. |  | | If you encounter problems ordering or downloading this document, contact cases_requests@gsb.stanford.edu |
|
