In theory insurance is heavily regulated. In practice AIG managed to get itself into a situation where the Fed needed to give it $182.3 Billion dollars to keep

In theory insurance is heavily regulated. In practice AIG managed to get itself into a situation where the Fed needed to give it $182.3 Billion dollars to keep it afloat. That's $182.3 Billion, not Million. https://en.wikipedia.org/wiki/Aig#Liquidity_crisis_and_government_bailout https://en.wikipedia.org/wiki/Aig#Liquidity_crisis_and_gover...