American International Group Inc. chief executive Maurice "Hank" Greenberg . purchased, from Teachers Insurance and Annuity . the United States, its nationals and its allies."

AIG's problems snowballed in September when suddenly it had to produce billions of dollars worth of collateral to back up those credit-default swaps.

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Regulators reject AIG's sale of Taiwan unit. Taiwanese regulators rejected AIG's (AIG) planned $2.15B sale of its Taiwan life insurance unit to Primus Financial and China .

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But AIG was allowed to grow without control under Bill Clinton, just as . -Primerica, the unit that sells annuities and retirement funds, and also makes .

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