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epicureandealmaker.blogspot.com - 10/30/2009

Shock and Awe

— epicureandealmaker.blogspot.com — 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 ... (more) Shock and Awe

Stocks

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epicureandealmaker.blogspot.com - 10/28/2009

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

Stocks

American International Group

Comments vote downundo vote up naked capitalism found this 10/28/2009found this

2

nakedcapitalism.com - 11/1/2009

“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” ...

Stocks

Housing Market

American International Group

Retail Industry

Universal Banking

Goldman Sachs

Comments vote downundo vote up Abnormal Returns found this 11/1/2009found this

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Goldman Sachs: Reasonable Doubt
The Market Ticker — ...  Unbeknownst to me, in July 2007, Goldman Sachs and AIG began a prolonged battle over prices and collateral payments for pre-2006 vintage deals on which Goldman had bought protection.  ...

Goldman Sachs & AIG, What A Tangled Hedge They Weave
The Daily Bail — ... JPMorgan Chase s credit derivatives positions exceeded those of all other U.S. banks combined at the time. JPMorgan was not a participant in the problematic deals, and it was not a recipient of AIG s settlement payments, but stability in the credit derivatives markets was an important issue. Dimon was dismissive of my concerns. In August of 2007, a potential implosion of AIG was too horrible to contemplate. Unbeknownst to me, in July 2007, Goldman Sachs and AIG began a prolonged battle over prices and collateral payments for pre-2006 vintage deals on which Goldman had ...