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New York AG subpoenas AIG on CDS contracts: sources
NEW YORK (Reuters) - American International Group Inc, which has received $180 billion in U.S. taxpayer money, was subpoenaed on Thursday by New York's top legal officer for information on its credit default swaps contracts, sources familiar with the matter said. Details were being sought on the ...
Exclusive: AIG Was Responsible For The Banks' January & February Profitability
zerohedge.blogspot.com — Zero Hedge is rarely speechless, but after receiving this email from a correlation desk trader, we simply... had to hold a moment of silence for the phenomenal scam that continues unabated in the financial markets, and now has the full oversight and ... (more) Exclusive: AIG Was Responsible For The Banks' January & ...
AIG Fights a Fire at Its Paris Unit
online.wsj.com — LIZ RAPPAPORT , LIAM PLEVEN and CARRICK MOLLENKAMP Amid the flap over bonuses at American International Group... Inc. two of the company's top managers in Paris have resigned. Their moves have left the giant insurer and officials scrambling to replace ... (more) AIG Fights a Fire at Its Paris Unit
Geithner’s Congressional Testimony on AIG - Real Time Economics
blogs.wsj.com — The prepared testimony of Treasury Secretary Tim Geithner on American International Group at a hearing of the... House Financial Services Committee. Good morning, Chairman Frank, Ranking Member Bachus, and other members of the Committee. Thank you for ... (more) Geithner’s Congressional Testimony on AIG - Real ...
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AIG subpoenaed on CDS contracts
FT Alphaville — AIG was subpoenaed on Thursday by New York’s attorney general Andrew Cuomo for information on its credit default swaps contracts, which Cuomo said were “at the heart of AIG’s meltdown”, reports Reuters. Details were being sought on the contracts going back seven months, including those that have been wound down by AIG’s Financial Products unit and those that have not, involving billions of dollars.

Friday morning links
The Mess That Greenspan Made — TOP STORIES • New York AG subpoenas AIG on CDS contracts - Reuters • Greenspan says banks should not become too big - Reuters • Hedge Funds Say Regulation Unstoppable - Bloomberg • Las Vegas project considers bankruptcy: report - Reuters • Obama Seeks Support from JPMorgan, Goldman - Bloomberg • Top bank regulator placed on leave pending review - AP • Soros: Commercial Property Will Fall 30% - Bloomberg • Is California Going Bust? - Forbes MARKETS/INVESTING • Crude Oil Falls on ...

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