This new failure and near-failure from insurance large Western Worldwide Group (AIG) was a major time regarding previous overall economy. AIG, a major international organization with about $step 1 trillion when you look at the property ahead of the crisis, missing $99.2 million from inside the 2008. Into September sixteen of the year, the Government Set-aside Financial of new York stepped inside the which have a keen $85 billion financing to keep the latest a failure company regarding going under.

Given that AIG's close-failure are a well known and you can iconic experience from the overall economy, they provided good touchstone for next economic change talks, and you may many factual statements about AIG additionally the save your self is within the public domain name.