AMERICAN INTERNATIONAL GROUP (AIG) ACCOUNTING SCANDAL

Introduction There was a period of extreme economic suffering in the fall of 2008, which was characterized by a general downturn in housing prices, an increase in default rates and seizures, and a sharp decline in the value of home loan securities and other associated instruments. IndyMac Bank and Lehman Brothers, two significant institutions, suffered … Continue reading AMERICAN INTERNATIONAL GROUP (AIG) ACCOUNTING SCANDAL