rovide a description of the situation prior to the crisis

$2.$ Do a forensic analysis. Describe what went wrong $($in general as well as from a

risk management perspective$)$

$3.$ Address these specific questions related to the risk management process:

a$.$ What caused the crisis?

b$.$ What bet was being taken?

c$.$ What risks were not known or not appropriately measured?

d$.$ What were the lessons learned?

$4.$ Describe the following risk categories covered in class and how they apply in the

AIG context, specifically highlighting

a$.$ Market Risk

b$.$ Counterparty Credit Risk

c$.$ Liquidity Risk

d$.$ Model Risk

e$.$ Operational Risk