Bringing you the research that your taxes already paid for.

AIG

Insolvency of Systemically Significant Companies: Bankruptcy vs. Conservatorship/Receivership

One clear lesson of the 2008 recession, which brought Goliaths such as Bear Sterns, CitiGroup, AIG, and Washington Mutual to their knees, is that no financial institution, regardless of its size, complexity, or diversification, is invincible. Congress, as a result, is left with the question of how best to handle the failure of systemically significant financial companies (SSFCs).