The American International Group Situation Thesis

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Conclusion
If AIG would not have been helped by the Federal Reserve, it is more
than obvious that the financial group would have declared bankruptcy.
Although the bailout reached an enormous sum, the action was justified.
Given the current market conditions, an eventual collapse of AIG would
contribute even more to the fragility of the financial market. Also, it
would have led to a reduction of public wealth, and it would have reduced
economic performance.
The opinion of U.S. taxpayers is that the AIG bailout was not
justified. For them, it did not seem fair that they should pay for the
mistakes made by financial corporations' CEOs and by the defective policies
and strategies practiced by financial groups.
There are two sides to this issue, one opposing the other. U.S.
citizens have strongly declared themselves against the bailout. Their
pressure determined the country's officials to reject financial saving
plans initially.
However, the efforts of these taxpayers had to be sacrificed, and AIG
has to be helped to overcome this situation. If AIG would not have been
helped in this direction, the effects on the United States' economy would
have been disastrous.

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Even more, the effects have already spread in the
entire world.

Reference list:
1. Chronology: Financial Crisis Spreads from U.S. to World
Markets (2008). Deutsche Welle. Retrieved November 7, 2008
from http:www.dw-world.dedwarticle0,2144,3689713,00.html.

2. Subprime mortgage crisis (2008). Wikipedia, the free
encyclopedia. Retrieved November 7, 2008 from
http:en.wikipedia.orgwikiSubprimemortgagecrisis.
3. DiMartino, D. & Duca, J. V. (2007). The Rise and Fall of
Subprime Mortgages. Economic Letter. Insights from the Federal
Reserve Bank of Dallas. Vol. 2, No. 11. Retrieved November 7,
2008 from
http:dallasfed.orgresearcheclett2007el0711.pdf.
4. American International Group (2008). Wikipedia, the free
encyclopedia. Retrieved November 8, 2008 from
http:en.wikipedia.orgwikiAmericanInternationalGroup.
5. AIG At A Glance (2008). American International Group, Inc.
Retrieved November 8, 2008 from
http:www.ezodproxy.comAIG2008ataglance2007imagesAIGATaG
lance2007.pdf.
6. AIG Reports Second Quarter 2008 Results (2008). American
International Group, Inc. Retrieved November 8, 2008 from
http:media.corporate-
ir.netmediafilesirol7676115releases080608.pdf.

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[1] Chronology: Financial Crisis Spreads from U.S. to World Markets (2008).
Deutsche Welle.
[2] Subprime mortgage crisis….....

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