AIG's bailout during the 2008 financial crisis

During the 2008 financial crisis, AIG (American International Group), a large insurance company, faced collapsing losses from risky mortgage-related investments. To prevent a wider economic meltdown, the U.S. government stepped in with a bailout, providing AIG with over $180 billion in rescue funds. This support helped AIG meet its financial obligations, avoid bankruptcy, and stabilize markets. In return, the government received a stake in the company and eventually recouped most of its investment. The bailout was aimed at preventing broader financial system collapse and safeguarding the economy from further damage.