About: AIG Financial Products

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AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products is considered to have played a pivotal role in the global financial crisis of 2008–2009. In the Spring of 2008 AIGFP suffered enormous losses from credit default swaps that it issued and traded. When these credit default swaps were issued in years prior, the management of AIGFP believed they would only have to pay out very few, if any of the swaps. However, as the financial crisis worsened during early 2008 many companies began to default on their debt, forcing AIGFP to assume losses greater than what was ever anticipated.

Attributes	Values
rdfs:label	AIG Financial Products (en)
rdfs:comment	AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products is considered to have played a pivotal role in the global financial crisis of 2008–2009. In the Spring of 2008 AIGFP suffered enormous losses from credit default swaps that it issued and traded. When these credit default swaps were issued in years prior, the management of AIGFP believed they would only have to pay out very few, if any of the swaps. However, as the financial crisis worsened during early 2008 many companies began to default on their debt, forcing AIGFP to assume losses greater than what was ever anticipated. (en)
dcterms:subject	American companies established in 1987 Companies based in New York (state) American International Group Financial services companies established in 1987
Wikipage page ID	19760065 (xsd:integer)
Wikipage revision ID	1102945165 (xsd:integer)
Link from a Wikipage to another Wikipage	Capital markets United States Secretary of the Treasury Derivative (finance) Investment Geert Rouwenhorst Morgan Stanley Corporate finance Credit derivative Credit rating London London City Airport Federal Reserve Bank American companies established in 1987 Too big to fail Wilton, Connecticut Gary Gorton Credit default swaps Liquidity crisis American International Group Federal Reserve Bankruptcy Capital market Companies based in New York (state) Henry Paulson Subsidiary The Big Short Michael Lewis (author) American International Group Financial services companies established in 1987 Kinder Morgan Collateralized debt obligation Howard Sosin Global financial crisis of 2008–2009 New York, New York Risk management Insurer Dow Jones-AIG Commodity Index Edward Liddy Commodity futures Commodity indices
Link from a Wikipage to an external page	https://web.archive.org/web/20111005095748/http:/www.aigfp.com/
sameAs	AIG Financial Products AIG Financial Products AIG Financial Products
dbp:wikiPageUsesTemplate	dbt:American_International_Group dbt:Reflist dbt:When dbt:Who
has abstract	AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products is considered to have played a pivotal role in the global financial crisis of 2008–2009. In the Spring of 2008 AIGFP suffered enormous losses from credit default swaps that it issued and traded. When these credit default swaps were issued in years prior, the management of AIGFP believed they would only have to pay out very few, if any of the swaps. However, as the financial crisis worsened during early 2008 many companies began to default on their debt, forcing AIGFP to assume losses greater than what was ever anticipated. The losses at AIGFP caused credit agencies to downgrade the credit rating of the entire AIG corporation in September 2008. The resulting liquidity crisis essentially bankrupted all of AIG. Many believed that AIG was too big to fail and that an AIG bankruptcy could cause an already fragile financial system to collapse, prompting the Federal Reserve Bank to extend an $85 billion line of credit to AIG. As a result, the Federal Reserve was issued a stock warrant for 79.9% of the equity in AIG, effectively nationalizing the world's largest insurer. Shortly after, then treasury secretary, Henry Paulson announced the treasury's desire to break up and liquidate most of AIG. The company has since been selling off many of its subsidiaries in order to raise the cash necessary to pay back the Federal Reserve. AIG is currently in the process of closing AIGFP.AIGFP is currently headquartered in Wilton, Connecticut. (en)
prov:wasDerivedFrom	wikipedia-en:AIG_Financial_Products?oldid=1102945165&ns=0
page length (characters) of wiki page	5925 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:AIG_Financial_Products
is Link from a Wikipage to another Wikipage of	Office of Thrift Supervision London City Airport John M. Reich Wilton, Connecticut List of 2009 This American Life episodes American International Group Curzon Street Drexel Burnham Lambert Joseph Cassano The Big Short Holdings of American International Group Mark Filip Greenfield Hill, Connecticut Howard Sosin Robert Litzenberger AIGFP
is Wikipage redirect of	AIGFP
is foaf:primaryTopic of	wikipedia-en:AIG_Financial_Products

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