hf-implode.com - 17 days ago
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-- 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 ...
Notes from Recent Travels
alephblog.com 3 days ago — 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.
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How Much is Benmosche Really Worth to AIG? (AIG, MET)
247wallst.com 12 days ago — American International Group, Inc. (NYSE: AIG) is under pressure today after its new CEO Robert Benmosche, who has not even had a full three months yet on the job, has effectively threatened to walk out as CEO of AIG. The reasoning is over the ...
AIG is Dead; Long Live AIG!
alephblog.com 8/28/2009 — When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy, possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of AIG, and has been sold off. Benmosche’s skills extend to ...
Never Send a Boy to Do a Man's Job
epicureandealmaker.blogspot.com 27 days ago — 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 ...
Shock and Awe
epicureandealmaker.blogspot.com 25 days ago — What the hell did I ever do to piss Steve Randy Waldman off?
I tell you honestly, Dear Readers, my afternoon conversation with this genial and intelligent gentleman started unremarkably enough, with a little playful banter in the Twitterverse on ...
The Problem With Financial Services Compensation (AIG/Pay Czar Edition)
nakedcapitalism.com 10/13/2009 — The Financial Times reports that the so-called pay czar Kenneth Feinberg, who is in charge of overseeing compensation at TARP recipients, is going to crack down on some of the bonuses paid at AIG :
The Obama administration’s pay tsar has indicated ...
AIG Bonuses Were a Treasury 'Failure,' Barofsky Says
online.wsj.com 10/14/2009 — WASHINGTON -- Neil Barofsky, the special inspector general for the government's financial bailout said Wednesday that the $168 million in retention payments to American International Group Inc. represented a "failure" that occurred when the Treasury ...
Commentaries » Blog Archive » Time to junk AIG | Blogs |
blogs.reuters.com 9/23/2009 — The federal government’s $180 billion effort to prop up American International Group has worked, averting an even bigger financial catastrophe. Now it’s time for the Obama administration to oversee the dismantling of the failed insurance giant with ...
AIG Bonuses Were a Treasury 'Failure,' Barofsky Says
online.wsj.com 10/15/2009 — WASHINGTON -- Neil Barofsky, the special inspector general for the government's financial bailout said Wednesday that the $168 million in retention payments to American International Group Inc. represented a "failure" that occurred when the Treasury ...
Timmy!’s Testimony
streetwiseprofessor.com 46 hours ago — Krugman is bashing Timmy! Geithner for his role in the AIG bailout. This poses something of a dilemma for yours truly. My sentiments parallel those of Henry Kissinger during the Iran-Iraq War: too bad they both can't lose.
All snark aside, the ...
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