▁in ▁the ▁financial ▁mark ets ▁on ▁March ▁ 1 3 , ▁ 2 0 0 7 . ▁ ▁In ▁con cluding ▁his ▁testim ony , ▁Cor rig an ▁for esh adow ed ▁the ▁pending ▁financial ▁crisis ▁of ▁ 2 0 0 7 – 2 0 0 8 ▁by ▁stating ▁"[ o ] ne ▁of ▁the ▁most ▁difficult ▁challeng es ▁in ▁human ▁ende avor ▁is ▁how ▁we ▁manage ▁low ▁probability ▁events ▁– ▁such ▁as ▁financial ▁shock s ▁– ▁that ▁can ▁cause ▁so ▁much ▁damage . ▁In ▁the ▁financial ▁ar ena ▁I ▁believe ▁we ▁are ▁making ▁progress ▁in ▁meeting ▁that ▁challenge ▁and ▁we ▁must ▁continue ▁the ▁effort ▁for ▁we ▁know ▁that ▁the ▁future ▁will ▁bring ▁new ▁tests ▁of ▁the ▁stability ▁and ▁res il iency ▁of ▁the ▁financial ▁system ." ▁ ▁In ▁ 2 0 0 5 , ▁the ▁Global ▁Association ▁of ▁R isk ▁Prof ession als ▁awarded ▁their ▁" R isk ▁Manager ▁of ▁the ▁Year " ▁design ation ▁to ▁Cor rig an . ▁ ▁In ▁a ▁major ▁article ▁in ▁April , ▁ 2 0 0 9 ▁about ▁Ob ama ▁Administration ▁Tre as ury ▁Secretary ▁Tim othy ▁Ge ith ner ▁and ▁his ▁role ▁in ▁the ▁national ▁and ▁global ▁financial ▁crisis , ▁The ▁New ▁York ▁Times ▁writers ▁trac ed ▁the ▁evolution ▁of ▁the ▁A IG ▁part ▁in ▁the ▁crisis ▁in ▁September , ▁ 2 0 0 8 . ▁A . I . G .' s ▁chief ▁executive ▁at ▁the ▁time , ▁Robert ▁B . ▁Will um stad , ▁was ▁seeking ▁help ▁raising ▁capital ▁from ▁J P ▁Morgan