AIG and Ethics: The Corporatization of Public Higher Education

AIG and Ethics: The Corporatization of Public Higher Education
"The notorious insurance monolith AIG gave two-thirds of the Ethics Center’s $16,000 first year budget. What might AIG’s intentions have been for funding the Center? AIG has not been known for its ethics. In fact, the insurer’s risky bets on derivatives were central to the 2008 economic crash. They received a $182 billion bailout. Yes, billion."

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit

Federal Reserve Sells Last Of Its Stake In AIG, Turns $18 Billion Profit: The Federal Reserve of New York sold the last of its stake in American International Group (AIG), the insurance giant bailed out by the federal government in 2008. In selling the last of its assets related to the AIG bailout, the Fed earned an $6.6 billion profit for taxpayers, bringing its total profits from the [...]/p