Knowledge@Wharton Insurance and Pensions Research Article

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AIG Rescued: Was an $85 Billion Loan the Right Answer?

Published: September 17, 2008 in Knowledge@Wharton

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After refusing to bail out Lehman Brothers, the government agreed to an $85 billion loan to insurance giant AIG, effectively taking over the company. Knowledge@Wharton talked to Wharton insurance professors Olivia Mitchell and Kent Smetters to find out how the world's largest insurer got into this situation and how it can be prevented from happening again.

A transcript of the conversation will be posted shortly.

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Total Comments: 1

#1 Hank Paulson did the right thing

Treasury Secretary Hank Paulson did the right thing. Blaming him for wasting taxpayer money is like blaming a fireman for wasting water after he just put out the fire in not only your house, but your whole neighborhood.

By: John Burns, Real Value Inc Real Estate Appraisal / President
Sent: 06:50 AM Sun Sep.21.2008 - US

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