How did AIG become too big to fail?

How did AIG become too big to fail?

Key Takeaways. AIG was one of the beneficiaries of the 2008 bailout of institutions that were deemed “”too big to fail.”” The insurance giant was among many that gambled on collateralized debt obligations and lost. AIG survived the financial crisis and repaid its massive debt to U.S. taxpayers.

See also  What is the best life insurance for over 65?