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American International Group - Last 30 Days

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AIG's Benmosche Threatens to Jump Ship
online.wsj.com — Robert Benmosche has told the board of American International Group Inc. that he is considering stepping down... as chief executive of the government-controlled insurer, just three months after taking the job, according to people familiar with the ... (more) AIG's Benmosche Threatens to Jump Ship
Bid nears for AIG aviation unit stake
ft.com — Published: November 30 2009 02:00 | Last updated: November 30 2009 02:00 A consortium of private equity... investors and the head of International Lease Finance Corp is close to making a bid for about half of the aviation-leasing business of American ... (more) Bid nears for AIG aviation unit stake

American International Group Latest Blog Posts

Trend Following Is An Illusion! Cover Your Eyes!
The AIG report
krugman.blogs.nytimes.com — By itself, the AIG story would be damaging enough. But it's part of a pattern -- and... that pattern has ended up undermining the economy's prospects, big time. (more) The AIG report
Abstract Thoughts on CDS and the Fallacy of Insuring Your Neighbor's House
fridayinvegas.blogspot.com — warning: this post will require you to be able to intelligently ponder philosophical concepts and theories, and... perhaps try to forget some assumptions you may already have.   I failed in my attempt to explain the concepts below in a comment ... (more) Abstract Thoughts on CDS and the Fallacy of Insuring ...
Billionaire Bill Gates says Wall Street pay too high
reuters.com — Michelle Nichols NEW YORK (Reuters) - Bill Gates said on Wednesday he believes Wall Street pay is... "often too high" and that U.S. government ownership of American International Group Inc worries him because it has devalued the giant insurer. The ... (more) Billionaire Bill Gates says Wall Street pay too high
Goldman/AIG Conspiracy Theories: There’s a Reason They Won’t Go Away
nakedcapitalism.com — Note: this post is by Thomas Adams, at Paykin Krieg and Adams, LLP, and a former managing... director at Ambac and FGIC, with some minor additions by yours truly. This is a significant piece of some puzzles he, some other experts who prefer to remain ... (more) Goldman/AIG Conspiracy Theories: There’s a Reason ...
AIG's Benmosche Signs a Noncompete Deal
AIG's Benmosche Signs a Noncompete Deal
online.wsj.com — SERENA NG Robert Benmosche, chief executive of American International Group Inc., signed a noncompete agreement in a... sign he is committed to remaining at the government-controlled insurer. Mr. Benmosche "is committed to leading this company as CEO ... (more) AIG's Benmosche Signs a Noncompete Deal
Peak oil panic? Dubai or not Dubai?
blogs.zdnet.com — Dubai's oil reserve are dwindling and now their rampant investment program has hit a rock.... (more) Peak oil panic? Dubai or not Dubai?
AIG Settles Greenberg Disputes, May Reimburse $150 Million Fees
AIG Settles Greenberg Disputes, May Reimburse $150 Million Fees
bloomberg.com — Nov. 26 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., agreed... to settle all legal disputes with former Chief Executive Officer Maurice “Hank” Greenberg and may reimburse as much as $150 million in fees. A ... (more) AIG Settles Greenberg Disputes, May Reimburse $150 ...
AIG’s Benmosche Learns He Can’t Push Uncle Sam Around, So Threatens to Quit
nakedcapitalism.com — AIG’s CEO Benmosche has displayed extraordinarily arrogance even before he took the job, so his latest stunt,... a threat to leave AIG high and dry by quitting a mere three months in, should come as no surprise. Frankly, from the get-go, he ... (more) AIG’s Benmosche Learns He Can’t Push Uncle Sam Around, ...
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?
More on Goldman and AIG
baselinescenario.com — Thomas Adams, a lawyer and former bond insurer executive, wrote a guest post for naked capitalism on... the question of why AIG was bailed out and the monoline bond insurers were not (wow, is it really almost two years since the monoline insurer crisis?). He estimates that the monolines together ... (more) More on Goldman and AIG
Marc Faber Sees War Against an Invented Enemy and a Big Financial Bust
hf-implode.com — ""If you want to hedge against war, you don't want to own derivatives in UBS and AIG,... but you have to own them physically, like farmland and agricultural commodities. That is something to consider for you as a personal safety and hedge. You have to own some commodities,"" (more) Marc Faber Sees War Against an Invented Enemy and a Big ...
Video: AIG CEO Signs Non-Compete Contract
marketnewslive.blogspot.com — The CEO of AIG has reportedly signed a non-compete contract, which could be a sign that he... plans to stay put at the struggling insurer. The Wall Street Journal reported today that AIG chairman Harvey Golub told the newspaper that CEO Robert Benmosche is committed to leading the company (more) Video: AIG CEO Signs Non-Compete Contract
Cuomo Took Campaign Cash From Lawyers With Matters Before Him
hf-implode.com — " Boies Schiller & Flexner LLP, a New York law firm led by David Boies, gave Cuomo... $35,000 this year, records show. The firm represents former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg in a civil fraud case the attorney general is pursuing. Lawyers ... (more) Cuomo Took Campaign Cash From Lawyers With Matters ...
The AIG-Maiden Lane III Controversy
baselinescenario.com — As everyone knows by now, Neil Barofsky, special inspector general for TARP, has a new report out... on the decision by the Federal Reserve Bank of New York last Fall to make various AIG counterparties (primarily some very big banks with names you know) whole on the the CDS protection they had ... (more) The AIG-Maiden Lane III Controversy
AIG Re-brands Asset Management Business
hf-implode.com — "American International Group (AIG: 35.22 +0.34%) re-branded its asset management and investment advisory business to PineBridge Investments.... The renaming of the business is part of a transition stage into an independent business." (more) AIG Re-brands Asset Management Business
Notes from Recent Travels
alephblog.com — Before I begin this evening, I would like to comment on my absence for the last week.... I gave a talk on Friday to the Southeastern Actuaries Conference . I found myself behind the eight-ball, because of my many other projects, and so I had to block out the time to write and prepare the talk.  ... (more) Notes from Recent Travels
“The Fed, Treasury, and AIG”
hf-implode.com — "The Fed has recently come under heavy criticism, largely for its role in the AIG bailout. The... Fed deserves criticism for decisions it made in the run-up to the crisis as well as for the role it played in the AIG bailout. However, some of the charges are misdirected and the suggested remedies ... (more) “The Fed, Treasury, and AIG”
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)
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