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AIG Taps $4.2 Billion From Treasury for Two Units
hf-implode.com — -- American International Group Inc., the insurer rescued by the U.S., tapped the Treasury Department for another $4.2 billion to help restructure its money-losing mortgage guarantor and the plane unit it’s trying to sell. AIG accessed about $2.1 billion from its Treasury facility on Aug. 13 ... (more) AIG Taps $4.2 Billion From Treasury for Two Units
Sorry, Folks: Goldman's Bet Against Housing Was Hardly A "Secret" (GS)
businessinsider.com — It's time to finally lay to rest claims stretching back as far as 2007 that Goldman Sachs was peddling securities backed by risky home mortgages while it was secretly betting that the US housing market was in trouble. Far from being "secretly" down on ... (more) Sorry, Folks: Goldman's Bet Against Housing Was Hardly A ...

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AIG Taps $4.2 Billion From Treasury for Two Units
Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)
247wallst.com — Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The stock market is at risk of not holding 10,000. (TheStreet) AIG (NYSE:AIG) will not hold a conference call to avoid uncomfortable ... (more) Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)
The AIG Give-Back (AIG)
vsinvestor.com — American International Group, Inc. (NYSE: AIG) is trading lower this morning because of the complexity of the earnings report. But operating earnings on an adjusted basis came to $2.85 EPS. Obviously there is a loss and trouble on items and ongoing ... (more) The AIG Give-Back (AIG)
Legislation coming to break up big banks?
blogs.reuters.com — In a note to clients yesterday, Paul Miller of FBR Capital Markets wrote: We are hearing that discussion of breaking up large financial institutions that pose systemic risk to the market is gaining traction on the Hill. At this point, discussions ... (more) Legislation coming to break up big banks?
Rodgin Cohen on Decade's end (The Deal Video)
thedeal.com — One of our last videos of our Decade of The Deal series pays a visit to Rodgin Cohen, the bank lawyer and Sullivan & Cromwell LLP managing partner who Andrew Ross Sorkin in his new "Too Big to Fail" describes as "one of the most influential and yet ... (more) Rodgin Cohen on Decade's end (The Deal Video)
AIG Skips Investor Call for Second Straight Time
hf-implode.com — " American International Group Inc., recipient of a $182.3 billion U.S. government bailout, will release third-quarter results this week without a conference call for analysts and investors." (more) AIG Skips Investor Call for Second Straight Time
Never Send a Boy to Do a Man's Job
Never Send a Boy to Do a Man's Job
epicureandealmaker.blogspot.com — Interesting article over at Bloomberg.com this morning. Did you see it? Oct. 27 (Bloomberg) — In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked ... (more) Never Send a Boy to Do a Man's Job
Today’s Best Market Rumors  (10/27/2009) (SNE)(UTX)(BRK.A)
Today’s Best Market Rumors (10/27/2009) (SNE)(UTX)(BRK.A)
247wallst.com — Updated throughout the day. Google’s (NASDAQ:GOOG) new social search feature may not include industry leader Facebook (TechCrunch) David Sokol interim CEO of Berkshire Hathaway (NYSE:BRK.A) subsidiary NetJets Inc, is the top candidate to take ... (more) Today’s Best Market Rumors (10/27/2009) (SNE)(UTX)(BRK.A)
“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
nakedcapitalism.com — McClatchy, which was the only major US news organization to question the Iraq war until is was obvious to all that it was a misguided exercise in neocon hubris, has started a series on Goldman’s famed “short subprime” exercise. ... (more) “How Goldman secretly bet on the U.S. housing crash” ...
Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
hf-implode.com — Maurice R. Greenberg, who built the American International Group into an insurance behemoth with an impenetrable maze of on- and offshore companies, is at it again. Even as he has been lambasting the government for its handling of A.I.G. after its near collapse, Mr. Greenberg has been ... (more) Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
Top 10 Wall Street Halloween costumes
Top 10 Wall Street Halloween costumes
thedeal.com — Still trying to figure out what to be for Halloween? Here are our top 10 picks. (more) Top 10 Wall Street Halloween costumes
In Reversal of Fortune, AIG Recoups Collateral
online.wsj.com — After shelling out billions of dollars to Wall Street banks last year on souring trades, American International Group Inc. has gotten some of that money back, thanks to a turnaround in the very securities that helped level the insurer. Billions of ... (more) In Reversal of Fortune, AIG Recoups Collateral
Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
dealbook.blogs.nytimes.com — Maurice R. Greenberg, who built the American International Group into an insurance behemoth with an impenetrable maze of on- and offshore companies, has been quietly replicating his strategy with a new family of insurance companies that could compete ... (more) Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm
More Arrogation Of Power?
hf-implode.com — " Part of a sentence in the document was crossed out. It contained a blank space that was intended to show the amount of the haircut the banks would take, according to people who saw the term sheet. After less than a week of private negotiations with the banks, the New York Fed instructed AIG to ... (more) More Arrogation Of Power?
Matt Taibbi - Taibblog – Forget Galleon: What about Goldman’s ex-boss?
trueslant.com — The deal contributed to the more than $14 billion that over 18 months was handed to Goldman Sachs, whose former chairman, Stephen Friedman, was chairman of the board of directors of the New York Fed when the decision was made. Friedman, 71, resigned ... (more) Matt Taibbi - Taibblog – Forget Galleon: What ...
Afrternoon Links 10-29
blogs.reuters.com — (Reader note: from here on out, instead of citing the publication in which a piece appears, I plan to cite the writer….where possible anyway.) Goldman sends back some collateral to AIG (Liam Pleven) Interesting. Recall that AIG served as a ... (more) Afrternoon Links 10-29
Goldman Confirms $6 Billion AIG Bets
online.wsj.com — Goldman Sachs Group Inc. still has $6 billion in trading bets outstanding with American International Group Inc. but had adequately protected itself from problems at the insurer before AIG nearly collapsed last fall, according to a senior executive. ... (more) Goldman Confirms $6 Billion AIG Bets
Tavakoli on Goldman's Lies of Omission
hf-implode.com — " But why the bluff? Why did Goldman have to pretend it was not concerned at all about AIG, even as the phone records show they were involved in intense and continuing discussions at the highest levels in the bailouts, with a unique and privileged presence in discussions with the government and ... (more) Tavakoli on Goldman's Lies of Omission
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