Restored archive. The original History Commons is no longer online; this is a read-only edition of its timelines. Content is licensed CC BY-NC-SA.

December 2, 2008: AIG and Government Announce Agreement on Toxic Debt

2008-12-02

The recently bailed-out insurer AIG and the US government say they have reached an agreement on toxic mortgage debt held by the company. The agreement will clear AIG of its obligations on about $53.5 billion in such debt. [Reuters, 4/17/2009]