blogs.reuters.com - 7/3/2009
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He tells the story of Gene Park, who examined FP's business at the end of 2005 and found that it was insuring deals which were 95% subprime: Park then conducted a little survey, asking the people around AIG FP most directly involved in insuring them how much subprime was in them. ... I guess ...
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 ...
The Executive Who Brought Down AIG
abcnews.go.com 3/30/2009 — Joseph Cassano Made More Than $300 Million at the Insurance Firm He Virtually Bankrupted By ANNA SCHECTER, BRIAN ROSS, and JUSTIN ROOD March 30, 2009 The FBI and federal prosecutors are reportedly closing in on the AIG executive whose suspect ...
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 ...
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: Blame the negative publicity…
footnoted.org 5/8/2009 — Journalists really can’t catch a break. The daily tales of more layoffs , unpaid furloughs and magazine closings (including Portfolio, which ran a monthly footnoted column). But now there’s this: those darn journalists are responsible ...
"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 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 ...
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 ...
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 ...
Bernanke Bombshell: AIG Insurer Exposed to FP
ritholtz.com 3/25/2009 — In researching and think about AIG, I have been writing about them as if it were two separate companies: A well regulated Insurer, and a rogue derivatives products firm (FP).
The working assumption has been that the regulated insurer was run fairly ...
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