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CNN
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The Ohio Attorney General's office announced today that a class of three pension funds it represented in fraud complaints against AIG have settled with the federally-owned insurance giant for $750 million...
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CNN
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So-called "fund manager of the decade" Bruce Berkowitz has upped his stake in AIG, to the point that his $14 billion stock fund owns nearly a quarter of the troubled insurance company...
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CNN
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The financial crisis wiped out almost $7 trillion in stock market value in 2008. It destroyed iconic American companies like AIG, Bear Stearns, Lehman Brothers, and nearly broke GM, costing tens of thousands of workers their jobs. It pushed millions out of their homes. And that's just in the U.S. -- forget the fallout still raining down on Europe and the rest of the globe. So where are the jail terms, or at least the perp walks, for those who oversaw it all? Cue the crickets...
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CNN
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The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy...
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CNN
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Taxpayers have lent AIG $132.6 billion, but the probability that the government would recoup all of those funds fell even further this week after the insurer failed to complete a crucial asset sale...
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CNN
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AIG on Tuesday refused to accept Prudential PLC's lower bid for an Asian life insurance unit, putting a deal that would have accelerated AIG's bailout repayment in jeopardy...
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CNN
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An overseer of the $700 billion financial sector bailout said Wednesday that insurer AIG defied regulation, leading to a taxpayer-funded rescue that "broke all the rules."..
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CNN
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During the next banking crisis, we will need speed. Remember how floundering financial firms, like Lehman Brothers, AIG, and Fannie Mae, contributed to fear and uncertainty - creating problems for their customers, counterparties, and the markets? Many commercial and investment banks panicked, stopped extending credit, and greatly damaged our economy and financial system...
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CNN
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The U.S. Justice Department has concluded its criminal probe into AIG and will not pursue charges against the insurer or its senior executives, according to published reports...
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CNN
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Troubled insurer AIG reported a quarterly profit and sales gain Friday...
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CNN
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It's hard to think of AIG as a victim after the insurer made failed bets that were so big, taxpayers were forced to bail the firm out to the tune of $182 billion...
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CNN
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Many believe that corporate greed brought on the Great Recession, yet Friday's fraud charge against Goldman Sachs is one of a scant few federal lawsuits to come out of the economic downturn...
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CNN
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The AIG story that just won't go away is entering phase two...
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CNN
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AIG said Monday that it would retained $21 million in bonus payments to former employees, according to an AIG spokesman...
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CNN
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Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place...
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CNN
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After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers...
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CNN
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AIG agreed Monday to sell its American Life Insurance Co. unit to MetLife Inc. for $15.5 billion in cash and stock, in beleaguered AIG's second sale of an international unit in a week...
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CNN
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U.S. stocks were set to open higher Monday, as investors weighed another deal involving insurer AIG...
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CNN
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AIG said Monday that it had reached a definitive agreement to sell its Asian life insurance business to Britain's Prudential PLC in a deal valued at $35.5 billion...
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CNN
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AIG reported a substantial fourth-quarter loss Friday, largely due to costs associated with selling off large stakes in its insurance businesses to reduce the debt it owes to taxpayers...
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