Aig Bankruptcy

American transnational Group (AIG) unsuccessful person The bankruptcy of the American International Group caused a astronomical crash in the US economy after depression, since AIG ar filing bankruptcy and are asking the help from the congress for the bailouts. AIG is considered one of the largest companies in the insurance market and it is almost bankrupt. It had already filed bankruptcy once in front and still could non recover and invite much gold. maven thing that can be obtained from the member is that there has to be some amount of transparency into the operations of the firms who are largish like AIG, I c completely the major reason empennage all this trouble was that the operations were not disclosed to the creation and therefore the authorities got a occur to manipulate them. This agency they covered up one clock the problems in the wee-wee of root bailout, but because the problems were quite large and could not be solved, they went bankrupt again. I designate this all would work not happened if the first bailout was disclosed to public and green stakeholders. I in like manner somewhere think that the authorities misused their rights. I resist with the way they grappled the first bailout invite.

I feel that the authorities should have taken the heavy actions and let the courts decide what to do. It is not gratifying for me ethically that some double issues are tried to be covered up. In addition to that, I also think that oligopoly may not be useful any more in the economy, considering the niche and other such risky factors. in that respect has to be a regulatory institution to control these big firms and handle the cris! es. This way the stakeholders can to be veritable that their money is safe in some good hands. Government has to read sure that the regulatory laws are updated to meet the current needs.If you indirect request to get a full essay, order it on our website: OrderEssay.net

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