On this day: September 16

Published On: Dec 24 2013 04:44:47 AM CST   Updated On: Sep 16 2014 01:00:00 AM CDT

The Pilgrims set sail on the Mayflower, "Jingle Bells" is copyrighted, General Motors is founded, Nixon drops in on "Laugh-In," Hurricane Ivan hits the Gulf Coast, and the federal government bails out AIG, all on this day.

OTD September 16 - AIG
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AIG

2008: The federal government announces an emergency $85 billion loan to rescue AIG, the world's largest insurance company, in exchange for an 80-percent stake in the company. The Treasury eventually upped its stake to 92.1 percent before starting to sell off its stock in May 2011. The government had sold all of its stake in the company by the end of 2012.

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