1 / 12

AIG Bailout

AIG Bailout. How much does AIG owe?. A Closer Look…. Barack Obama on AIG Executive Bonuses. Bailouts vs Non- Bailouts. AIG Bailout. 85 billion dollar bailout in 2008 Concerned about collapse of the economy Now up to 180 billion dollars Tax payers money

caron
Download Presentation

AIG Bailout

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. AIG Bailout

  2. How much does AIG owe?

  3. A Closer Look…

  4. Barack Obama on AIG Executive Bonuses

  5. Bailouts vs Non- Bailouts

  6. AIG Bailout • 85 billion dollar bailout in 2008 • Concerned about collapse of the economy • Now up to 180 billion dollars • Tax payers money • Money amount continues to increase • 1.6 trillion dollar worth of lethal credit default swaps

  7. Could Have Been Avoided • Declare Bankruptcy • Chapter 11 • Not nearly as bad as it is now • Fear of collapse • The bailout is said to be failing • Spending Money the Government and tax payers do not have

  8. Maurice Greenberg Former CEO of AIG • Said bankruptcy would have not created economic havoc • Current plan will not work • Tax payers will only receive pennies on the dollar • Company should be rebuilt • So taxpayers can eventually be repaid

  9. Short Run vs. Long Run • Short run • The $85 Billion bailout • Quick fix • Long Run • Let the company fail • Let other companies pick up the pieces • Eventually would help the Economy

  10. created by: Euclid PanganChase Koissian

  11. Works Cited Gross, Daniel. “Against All Odds.” Newsweek 155. 12 (2010): 25. Academic Search Premier. Web. Dash, Eric. “U.S. to sell 27% stake in Citigroup This Year.” New York Times, 30 Mar 2010: 3. Academic Search Premier. Web. 20 Nov 2011. “Obama: AIG Can’t Justify ‘Outrage’ of Bonuses.” Youtube.com. 16 Mar 2009 http://www.youtube.com/watch?v=RLRCdmeepwc&feature=fvsr. Carty, Sharon Silke. “Ford Profits From Auto Bailouts.” USA Today n.d.: Academic Search Premier. Web. 20 Nov 2011.

  12. Work Cited • http://online.wsj.com/article/SB122156561931242905.html, U.S. to Take Over AIG in $85 Billion Bailout, Matthew Karnitsching, Deborah Solomon, Liam Pleven, Jon E. Hilsenrath, September 1, 2008 • http://www.thenation.com/article/153929/aig-bailout-scandal, AIG Bailout Scandal, William Greider, August 6, 2010 • http://www.cbsnews.com/stories/2008/09/16/business/main4453942.shtml, U.S. Announces $85 Billion Bailout of AIG, April 17, 2009 • http://abcnews.go.com/Politics/Business/story?id=7237477&page=1, Greenberg Says AIG Bailout was Avoidable, Matthew Jaffe, April 2, 2009

More Related