America is a prestigious international insurance financial institution and the largest industrial and commercial insurance company in America. Members of American International Group operate a series of financial services such as product insurance, accident insurance, water insurance, life insurance and financial service insurance in 30 countries and regions around the world.
After the US government injected capital into AIG, Fannie Mae and Freddie Mac, they have been partially nationalized, because Fannie Mae and Freddie Mac packaged their mortgages and issued a large number of bonds, which are usually regarded as the same as US Treasury bonds. Central banks around the world hold large foreign exchange reserves. For various reasons, the US government must protect Fannie Mae and Freddie Mac from bankruptcy.
Aig bankruptcy crisis:
On the evening of September 16, 2008, the Board of Directors of the Federal Reserve announced that it would authorize the Federal Reserve Bank to lend $85 billion to American International Group (AIG). In return, the US government will also accept 79.9% of AIG 79.9% The Fed said that this decision was fully supported by the Ministry of Finance, and its conditions also protected the interests of the US government and taxpayers.
American International Group is the largest insurance company in the United States. 20 1 1 due to the financial crisis, apply to the federal reserve for capital injection. After the US government failed to coordinate the capital injection of private enterprises, the news that AIG might be taken over by the US government came out earlier, and its share price plummeted because investors were worried about the loss of its share price.