American International Group - Obama Presidency Oral History Back American International Group Index / Organizations Transcripts David Axelrod ...In March of 2009, it was announced that AIG [American International Group], whic... ...of 2009, it was announced that AIG [ American International Group ], which had received approximately tw... ...argument that it was necessary to hold AIG accountable, that it would damage th... Austan Goolsbee ...this was on Colbert. You say, “The AIG folks should get the Nobel Priz... ...weren't around or don't remember— AIG was an insurance company that ha... ...would go up forever. So when it didn't, AIG was about to blow up. But if AIG ble... ...AIG was about to blow up. But if AIG blew up, it was going to blow up al... ...had bought insurance from them. And AIG had had to be bailed out, because the... ...crisis. And the most damaging part of AIG was called AIG Financial Products... ...most damaging part of AIG was called AIG Financial Products. Fast forward t... ...of [laughs] 2009, and the people from AIG Financial Products go to the AI... ...from AIG Financial Products go to the AIG management and say, “We're the onl... ...the bank bailouts, the AIGFP [ AIG Financial Products] bonuses, which w... Show more... Rohit Kumar ...the meeting where we learned about AIG [American International Group]—whic... ...full economic team. And that was the AIG news. I remember thinking, Okay, that'... Stephanie Cutter ...we didn't sign these contracts, but AIG [American International Group], whic... ...didn't sign these contracts, but AIG [ American International Group ], which was significantly bailed ou... ...to show that we were able to—using the AIG example, we strong-armed them to reduc... ...don't know if you remember this—the AIG story came out on a Sunday, and we ha... ...mortgages, mortgage securities. So the AIG story comes out on Sunday. We all ge... ...I said, “We've got to deal with this AIG thing, because if he's going to b... ...care about. They are hounding us on the AIG thing.” So, I was sitting next to Davi... Show more... James Cole ...were, one, I had been the monitor for AIG , the insurance company. It was lon... ...insurance company. It was long before AIG had gotten in financial problems. I... ...It had nothing to do with what caused AIG 's financial problems. It was out o... ...It was out of settlements that AIG had with the Securities and Exchang... ...took this as, I was in charge of AIG and led AIG down the road of financia... ...this as, I was in charge of AIG and led AIG down the road of financial ruin, whic... Show more... Stephen Kroft ...a whole serious of Merrill Lynch and AIG [American Insurance Group], and thi... Rob Nabors ...is, of course, about a month before AIG [American International Group] gav... ...of course, about a month before AIG [ American International Group ] gave bonuses to its executives. D... Christina Romer ...down and said, “Okay. You realize that AIG [American International Group, Inc.... ...and said, “Okay. You realize that AIG [ American International Group , Inc.] has just paid bonuses to—thi... Richard Cordray ...Bank of America—all the big players— AIG [American International Group]. And w... ...of America—all the big players—AIG [ American International Group ]. And we ended up bringing back tw... Load more Transcripts Related Topics go to the Gun Control Gun Control go to the Education Education go to the Republican Opposition Republican Opposition go to the Counterterrorism Counterterrorism go to the Public Health Public Health