American International Group

Federal Reserve Provides $85 Billion Emergency Loan to AIG, Eventually Growing to $182 Billion in Total Taxpayer Commitments to Bail Out Insurance Giant That Gambled on Credit Default Swaps, Followed by $165 Million in Executive Bonuses Paid to Employees Who Caused the Crisis

2008-09-16 00:00:00 +0000 UTC | Importance: 10/10

On September 16, 2008, just one day after allowing Lehman Brothers to file for bankruptcy, the Federal Reserve provided an $85 billion two-year emergency loan to American International Group (AIG) to prevent the insurance giant’s collapse and contain spreading financial contagion. In exchange …

American International Group Federal Reserve Ben Bernanke Timothy Geithner Henry Paulson +2 more financial-crisis bailout too-big-to-fail regulatory-capture executive-compensation +1 more

Dubai Ports World Abandons US Port Takeover Under Congressional Pressure

2006-03-09 00:00:00 +0000 UTC | Importance: 9/10

On March 9, 2006, Dubai Ports World (DPW) announced it would abandon its controversial plan to control US port operations, marking a pivotal moment in the Bush presidency’s foreign investment strategy. The decision came after the House Appropriations Committee voted 62-2 to block the $6.8 …

Dubai Ports World House Appropriations Committee Charles Schumer Dennis Hastert Bill Frist +4 more corporate-defeat congressional-oversight foreign-investment national-security port-security +1 more