The true story of how risk destroys, as told through the ongoing saga of AIG. From the collapse of Bear Stearns and … AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story … of what really went on inside AIG that caused it to choke on risk and nearly bringing down the entire economic system …

The near-failure on September 16, 2008, of American International Group (AIG) was an iconic moment in the financial … crisis. The decision to rescue AIG was controversial at the time and remains so. Large bets on real estate pushed AIG to the … brink of bankruptcy. In one case, AIG used securities lending to transform insurance company assets into residential …