dealbook.blogs.nytimes.com - 3/19/2009
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Washington is filled with outrage over the $165 million in bonuses given out by the American International Group. Yet, as I said in my post on Tuesday, "Seven Sad Truths About A.I.G.," the real concern over the insurance giant should be about the $170 billion in government bailout money it ...
slate.com - 3/17/2009
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slate.com —
Everybody is rushing to condemn AIG's bonuses, but
this simple scandal is obscuring the real disgrace at...
the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars? [ more ... ]
(more)
The real scandal at AIG is the not the bonuses. It's the ...
online.wsj.com - 3/18/2009
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online.wsj.com —
Some of the billions of dollars that the
U.S. government paid to bail out American International Group...
Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the matter and documents reviewed by The ...
(more)
Hedge Funds May Get AIG Cash
econbrowser.com - 3/18/2009
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econbrowser.com —
New York Attorney General Andrew Cuomo (hat tip:
LA Times ) asserted that on Friday insurance company...
AIG, recipient so far of perhaps $170 billion in bailout assistance , distributed over $160 million in "retention payments to members of its ...
(more)
AIG outrage
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Write-Offs: 03.18.09
Dealbreaker —
$$$ Dissecting the A.I.G. Bonus Contract [Dealbook]
$$$ The Layoff Game [The Deal]
$$$ Piedrahita's checkered past [GofaG]
$$$ Level the Field, a non-profit that seeks to develop partnerships between collegiate athletic programs and middle schools in order to create a mentoring program for adolescent students in low-income communities, will be hosting an open bar fundraiser at 1Oak on April 16. Purchase tickets here today and help touch the lives of approximately 80 sixth graders ...
Links 3/19/09
naked capitalism —
Global crisis 'to strike by 2030' BBC Fintag Comment Fintag (hat tip reader Richard). Excel is the cause of the crisis. No, seriously. Shell dumps wind, solar and hydro power in favour of biofuels Guardian Suze Orman Says Build Up Emergency Cash As Much As Possible Consumerist. Zeitgeist watch. Dissecting the A.I.G. Bonus Contract Steven Davidoff, New York Times Steeling for 80% export drop Shanghai Daily (hat tip reader Michael). The Baltic Dry Index has also fallen 20% in the ...
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Reuters: AIG Deal Near
ritholtz.com 3/1/2009 — Reuters is reporting that a new new bailout for AIG is almost done. This would be the third attempt at rescuing the fallen giant, whose ventures into structured finance and derivatives brought down an otherwise well run, money making insurer.
...
AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
nakedcapitalism.com 3/3/2009 — I had refrained from commenting much on the latest iteration of retrading AIG's deal with Uncle Sam, save to observe that each of its predecessors had resulted in an arrangement more favorable to AIG, and I saw no reason to assume this time would ...
AIG Still Isn't Too Big to Fail
online.wsj.com 3/20/2009 — LUCIAN BEBCHUK The AIG bailout -- at $170 billion and rising -- may end up as the costliest rescue of a single firm in history. There is much debate about bonuses paid to AIG's executives. But there is far too little debate on the government's ...
"AIG Still Isn't Too Big to Fail"
economistsview.typepad.com 3/21/2009 — Lucian Bebchuk says AIG is not too big to fail:
AIG Still
Isn't Too Big to Fail, by Lucian Bebchuk, Commentary, WSJ : The AIG bailout
-- at $170 billion and rising -- may end up as the costliest rescue of a single
firm in history. There is ...
AIG — There are Many Criminals Here
alephblog.com 3/20/2009 — It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress.
- Pudd’nhead Wilson’s New Calendar ( from twainquotes.com )
There are many upset over the bonuses paid to AIG employees, most notably politicians seeking ...
Why Bail Out AIG’s Creditors?
baselinescenario.com 3/20/2009 — Simon and I wrote on op-ed in the New York Times today, trying to debunk the idea that, as we put it, “A.I.G.’s traders are the people that we must depend on to save the United States economy.” The AIG bonus fiasco, as I’ve written earlier , has been particularly useful in ...
What to ask AIG
alephblog.com 5/12/2009 — The Committee on Oversight and Government Reform has asked Ed Liddy and the AIG trustees to testify Wednesday. Here are the questions that I would ask, given my recent piece on AIG .
Are you going to be able to use all of your deferred tax assets? What level of sustained profitability ...
Outrageous AIG Provokes Outrage From Outraged Americans
tbm.thebigmoney.com 3/17/2009 — Outraged at AIG? Take your spot in line. While you’re there, gawk at all of your esteemed company. First you’ll find both aisles of Congress—“This is an outrage,” Senate Minority Leader Mitch McConnell will be repeating over and over again to ...
AIG: Earnings at 6 AM ET, Webcast at 8:30 AM
calculatedriskblog.com 3/2/2009 — From AIG: American International Group, Inc. (AIG) will report its fourth quarter and full year 2008 results on Monday, March 2, 2009 at approximately 6:00 a.m. EST. AIG’s earnings release and financial supplement will be available in the Investor ...
AIG in Review
baselinescenario.com 3/2/2009 — Well, it’s done . AIG is getting another bailout.
I have to admit I don’t fully understand the ongoing AIG bailout saga, so I thought I would do a little research to try to figure out what is going on. I thought I would just look up all the term sheets, but I found it’s ...
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