AIGSAsian Institute of Gemological Sciences (Bangkok, Thailand)
AIGSAustralian Institute of Genealogical Studies (est. 1973)
AIGSAuxiliary Inerting Gas Subsystem
AIGSAbnormal Impulse-Generating Site (nerves)
AIGSAcoustic Intelligence Gathering System
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References in periodicals archive ?
AIGFP derivative portfolio remains significant, as AIG reported
The government assistance to AIG began with an $85 billion loan
weakened, several rounds of additional funding were provided to AIG and
of the assistance to AIG was announced in March 2009 and comprises (1)
Fed loans retired by equity interests provided to the government by AIG;
intervention in AIG. Congressional attention and anger has been focused
In the fall of 2008, facing losses on various operations, AIG experienced a significant decline in its stock price and downgrades from the major credit rating agencies.
AIG, as most financial institutions, has suffered losses on a wide variety of financial instruments due to the widespread market downturn.
According to AIG's website, it was "founded in 1987 as one of the first companies in the United States focused principally on OTC [over the counter] derivatives markets." (6) In recent years, it has moved into writing credit default swaps (CDS), particularly on mortgage-related securities.
Although managed centrally by AIG Investments, the securities for AIG's securities lending have originated primarily from its state-regulated insurance subsidiaries.
All Fed assistance to AIG is authorized under Section 13(3) of the Federal Reserve Act, the same emergency authorization used for numerous other Fed actions in the ongoing financial crisis.
On September 16, 2008, the Fed announced, after consultation with the Treasury Department, that it would lend up to $85 billion to AIG over the next two years.