Top American International Group News, Videos, and Blogs - WallStreetBlips

AIG Taps $4.2 Billion From Treasury for Two Units

Sat, 7 Nov 2009 19:50:40 +0000

-- 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 ...

iehi posted 32 minutes ago from hf-implode.com

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Sorry, Folks: Goldman's Bet Against Housing Was Hardly A "Secret" (GS)

Mon, 2 Nov 2009 18:02:03 +0000

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 the US housing market, very early on Goldman ...

Abnormal Returns found this 5 days ago on businessinsider.com

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Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)

Fri, 6 Nov 2009 21:00:00 +0000

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 questions about its balance sheet (The Deal) Sales ...

BloggingStocks found this 23 hours ago on 247wallst.com

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The AIG Give-Back (AIG)

Fri, 6 Nov 2009 14:57:48 +0000

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 issues. At 9:38 AM EST we have seen some 6 ...

24/7 Wall St. found this 29 hours ago on vsinvestor.com

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Legislation coming to break up big banks?

Thu, 5 Nov 2009 15:41:53 +0000

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 are in the early stages, but we understand ...

Abnormal Returns found this 2 days ago on blogs.reuters.com

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Rodgin Cohen on Decade's end (The Deal Video)

Wed, 4 Nov 2009 23:09:20 +0000

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 least well-known people on Wall Street." Well, ...

Dealbreaker found this 2 days ago on thedeal.com

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AIG Skips Investor Call for Second Straight Time

Tue, 3 Nov 2009 15:29:58 +0000

" 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."

iehi posted 4 days ago from hf-implode.com

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Never Send a Boy to Do a Man's Job

Wed, 28 Oct 2009 08:00:23 +0000

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 nights and weekends negotiating with banks that ...

naked capitalism found this 10 days ago on epicureandealmaker.blogspot.com

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Today’s Best Market Rumors (10/27/2009) (SNE)(UTX)(BRK.A)

Tue, 27 Oct 2009 21:00:00 +0000

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 Warren Buffett’s job (The Deal) There ...

BloggingStocks found this 10 days ago on 247wallst.com

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“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)

Sun, 1 Nov 2009 19:32:01 +0000

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. While the timing and overall outline are not new ...

Abnormal Returns found this 6 days ago on nakedcapitalism.com

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Bloomberg - News

Tue, 27 Oct 2009 20:44:51 +0000

DealBook found this 10 days ago on bloomberg.com

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Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm

Tue, 27 Oct 2009 15:03:59 +0000

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 ...

iehi posted 11 days ago from hf-implode.com

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Top 10 Wall Street Halloween costumes

Fri, 30 Oct 2009 22:07:21 +0000

Still trying to figure out what to be for Halloween? Here are our top 10 picks.

Dealbreaker found this 7 days ago on thedeal.com

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In Reversal of Fortune, AIG Recoups Collateral

Thu, 29 Oct 2009 04:13:00 +0000

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 dollars have flowed from banks into AIG coffers ...

Between the Hedges found this 9 days ago on online.wsj.com

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Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm

Tue, 27 Oct 2009 13:13:08 +0000

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 with A.I.G.

24/7 Wall St. found this 11 days ago on dealbook.blogs.nytimes.com

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More Arrogation Of Power?

Tue, 27 Oct 2009 20:44:48 +0000

" 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 ...

iehi posted 10 days ago from hf-implode.com

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Matt Taibbi - Taibblog – Forget Galleon: What about Goldman’s ex-boss?

Sat, 31 Oct 2009 13:01:48 +0000

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 in May, days after it was disclosed by the ...

Cara Community found this 7 days ago on trueslant.com

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Afrternoon Links 10-29

Fri, 30 Oct 2009 08:06:37 +0000

(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 slush fund through which the Fed sent money to ...

FT Alphaville found this 8 days ago on blogs.reuters.com

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Goldman Confirms $6 Billion AIG Bets

Mon, 2 Nov 2009 14:03:25 +0000

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. In a conference call Friday, Goldman Chief ...

The Market Ticker found this 5 days ago on online.wsj.com

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Tavakoli on Goldman's Lies of Omission

Wed, 28 Oct 2009 07:56:34 +0000

" 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 ...

iehi posted 10 days ago from hf-implode.com

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