When AIG stunned the global economy by nearly collapsing last year, the insurance giant was being regulated by dozens of agencies in the U.S.
Lawmakers eyeing an overhaul of the financial system say that's far too many, but politics makes reducing the number almost impossible.
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Justice Department Pick Faces Confirmation Battle
Lawyer James Cole is in line to serve as the deputy attorney general, but an op-ed on the Sept. 11 attacks and his role monitoring bookkeeping for insurance giant AIG could spur Republican...
Should Banks Be Banned From Trading Derivatives?
The much-maligned financial products brought down AIG and fueled the mortgage market meltdown. But some say they're not all evil -- they reduce costs and provide protection for customers. And...
MetLife To Buy AIG's Alico Unit For $15.5 Billion
American International Group announced on Monday that it will sell its overseas live and health insurance unit for $15.5 billion to MetLife. The insurance giant is attempting to repay the...
Record Low Temperatures Drive Up Energy Prices
Natural gas and home heating oil prices are rising. Crude oil has started trading above $80 a barrel. All of that likely will translate into higher energy bills. The rising prices also...
AIG Claims $1.8 Billion “Profit”
The company that literally almost brought it all tumbling down about a year ago right around this time is back in the black? Not so much. More from Politics Daily… For the first time...
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