NEW YORK (AP) — AIG is launching a public relations campaign to repair its reputation.
On Thursday, the once-mighty insurance giant American International Group posted several videos on YouTube, www.youtube.com/aig , proclaiming that AIG is proud to be an American corporation.
AIG received the biggest government bailout of any company during the 2008 financial crisis, totaling $182.5 billion. The company became a symbol for greed and excessive risk-taking on Wall Street and a touchstone for public anger. AIG was done in by offering large amounts of insurance on complex mortgage-backed investments that it wasn't able to pay when the U.S. housing market collapsed.
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