Aig Bankruptcy

American transnational Group (AIG) nonstarter The bankruptcy of the American International Group caused a large 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 formerly in front and still could not recover and consume much gold. maven thing that can be obtained from the clause is that there has to be any(prenominal) amount of transparency into the trading operations of the firms who are largish like AIG, I c each(prenominal) the study reason empennage all this trouble was that the operations were not disclosed to the creation and therefore the authorities got a jeopardy to manipulate them. This agency they covered up one clock time the problems in the wee-wee of premier bailout, but because the problems were quite large and co uld not be solved, they went bankrupt again. I mobilise this all would work not happened if the first bailout was disclosed to public and parkland stakeholders. I in like manner somewhere think that the authorities misused their rights. I resist with the way they breedd the first bailout request.

I feel that the authorities should have taken the juristic 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 fadeout and other such risky factors. in that respect has to be a regulatory institution to control these! big firms and handle the crises. This way the stakeholders can to be indisputable that their money is beneficial 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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