What happened to AIG's balance sheet in the 2007-2008 financial crisis that resulted in a bailout by
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Question:
What happened to AIG's balance sheet in the 2007-2008 financial crisis that resulted in a bailout by the U.S. Government lest AIG go bankrupt?
Explain in the context of assets and liabilities.
https://www.thebalance.com/aig-bailout-cost-timeline-bonuses-causes-effects-3305693
https://www.investopedia.com/articles/economics/09/american-investment-group-aig-bailout.asp
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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