AIG emergency bailout, asset guarantees, and government oversight (September 2008–2013)

1. Federal Reserve authorizes AIG emergency credit facility

   Sep 16, 2008Labels: Federal Reserve, New York, AIG

   • Fed 2008 Report
   • NY Fed AIG

2. Securities borrowing facility authorized for AIG subsidiaries

   Oct 6, 2008Labels: Federal Reserve, AIG subsidiaries, Securities lending

   • Fed 2008 Report
   • Fed AIG Reform

3. AIG rescue restructured; TARP investment announced

   Nov 10, 2008Labels: Treasury, Federal Reserve, TARP

   • NY Fed AIG
   • Fed MPR 2009

4. Maiden Lane III begins purchasing CDOs

   Nov 25, 2008Labels: Maiden Lane, New York, AIG Financial

   • Yale Bagehot
   • Fed MPR 2009

5. Treasury purchases $40 billion AIG preferred shares

   Nov 25, 2008Labels: Treasury, AIG, TARP

   • Fed MPR 2009
   • AIG SEC filing

6. Maiden Lane II funds purchase of AIG RMBS

   Dec 12, 2008Labels: Maiden Lane, AIG, RMBS

   • Fed AIG Reform
   • GAO AIG 2010

7. Government assistance restructured again to support divestitures

   Mar 2, 2009Labels: Federal Reserve, Treasury, AIG

   • Fed AIG Reform
   • Fed CLBS 2010

8. Treasury describes expanded AIG investment and oversight

   Mar 24, 2009Labels: Treasury, Congressional testimony, AIG

   • Treasury testimony
   • Fed CLBS 2010

9. AIG revolving credit facility fully repaid and closed

   Jan 14, 2011Labels: AIG, New York, Recapitalization

   • Treasury 2011
   • NY Fed AIG

10. Treasury’s AIG stake converted into large common equity position

    Jan 14, 2011Labels: Treasury, AIG, Common equity

    • Treasury 2011
    • Treasury 2012

11. Treasury stock sale reported as recovering full $182 billion commitment

    Sep 10, 2012Labels: Treasury, AIG, Stock offering

    • Treasury 2012
    • Treasury 2012

12. Treasury exits AIG ownership through final common-stock sale

    Dec 14, 2012Labels: Treasury, AIG, Final sale

    • Treasury 2012
    • CNBC 2012

13. FSOC designates AIG a nonbank systemically important firm

    Jul 9, 2013Labels: FSOC, AIG, Dodd-Frank

    • CRS FSOC 2024
    • CRS Nonbank