American International Group View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2014

AUTHORS

Dimitris N. Chorafas

ABSTRACT

In mid-September 2008, when Lehman Brothers became America’s biggest corporate bankruptcy (chapter 5), the financial markets were in turmoil. There is nothing really unique about defaults and bankruptcies; they are a way of pruning the capitalist system and 2008 saw nine of the dozen biggest bankruptcies and near bankruptcies in the history of American business. General Motors (GM), Chrysler, Washington Mutual, and Thornburg Mortgage as well as American International Group (AIG), Fannie Mae, Freddie Mac, and Citigroup, salvaged through federal money, joined Lehman on the blacklist. More... »

PAGES

109-126

Book

TITLE

Banks, Bankers, and Bankruptcies under Crisis

ISBN

978-1-349-49368-5
978-1-137-43699-3

Identifiers

URI

http://scigraph.springernature.com/pub.10.1057/9781137436993_6

DOI

http://dx.doi.org/10.1057/9781137436993_6

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1002587850


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