Subscribe to the BlogThe year 2009 will be remembered by AIG and every American for decades to come. The year has been the worst on record for the company, with full year losses running into billions of dollars. The company has reported a massive nine billion US dollars loss in the fourth quarter in line with analyst estimates.
The US government has sunk over 40 billion dollars into the company in the last few quarters and the company is yet to start repayment. The repayment is not likely to start in the next six months as the company may not start making profit in the next two quarters.