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AIG Former Counsel Says Company Was Unprepared for Financial Crisis (AIG)

Written on Sat, 03/13/2010 - 10:27am
By Chip Brian

3/13/2010-American International Group's (NYSE:AIG) former general counsel Anastasia Kelly said that the company was unprepared for the financial crisis that forced the insurer to accept a $182.3 billion bailout from the U.S. government.
AIG didn't have the "infrastructure to call upon to respond," Kelly said yesterday at a corporate law conference at Georgetown University Law Center in Washington. Because the company was so diverse and global, "there was no one in charge," she said.
Mark Herr, a spokesman for New York-based AIG, declined Bloomberg's request for comment.

Keywords: financial crisis unprepared Bailout Stock smartrend

Ticker(s): AIG

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