The Battle of France was not the German invasion of France.
AIG Financial Products Corporation .. AIG. American International Group. -LRB- AIGFP -RRB- is a subsidiary of the American International Group , headquartered in New York , New York , with major operations in London .. American International Group. American International Group. London. London. The collapse of AIG Financial Products is considered to have played a pivotal role in the global financial crisis of 2008 -- 2009 .. AIG. American International Group. In the Spring of 2008 AIGFP suffered enormous losses from credit default swaps that it issued and traded .. credit default swaps. credit default swaps. When these credit default swaps were issued in years prior the management of AIGFP believed they would only have to pay out very few , if any of the swaps .. credit default swaps. credit default swaps. However , as the financial crisis worsened during early 2008 many companies began to default on their debt , forcing AIGFP to assume losses greater than what was ever anticipated .. The losses at AIGFP caused credit agencies to downgrade the credit rating of the entire AIG corporation in September 2008 .. AIG. American International Group. The resulting liquidity crisis essentially bankrupted all of AIG .. AIG. American International Group. liquidity crisis. liquidity crisis. bankrupted. bankruptcy. Many believed that AIG was too big to fail and that an AIG bankruptcy could cause an already fragile financial system to collapse , prompting the Federal Reserve Bank to extend an $ 85 billion line of credit to AIG .. AIG. American International Group. too big to fail. too big to fail. Federal Reserve Bank. Federal Reserve Bank. As a result , the Federal Reserve was issued a stock warrant for 79.9 % of the equity in AIG , effectively nationalizing the world 's largest insurer .. AIG. American International Group. insurer. insurer. Shortly after , then treasury secretary , Henry Paulson announced the treasury 's desire to break up and liquidate most of AIG .. AIG. American International Group. treasury secretary. United States Secretary of the Treasury. Henry Paulson. Henry Paulson. The company has since been selling off many of its subsidiaries in order to raise the cash necessary to pay back the Federal Reserve .. subsidiaries. subsidiary. AIG is currently in the process of closing AIGFP .. AIG. American International Group