247wallst.com - 3/26/2009
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“Never underestimate the capacity of angry populism in times of economic stress,”
- Robert Reich, The New York Times, March 15, 2009
The profligate investment practices of the financial sector not only caused the current credit crisis but also allowed for the inappropriate compensation ...
zerohedge.blogspot.com - 3/29/2009
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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 & ...
online.wsj.com - 3/26/2009
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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
blogs.wsj.com - 3/24/2009
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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 ...
Comments
Blog Reactions
Jobless Claims and GDP
UpsideTrader —
... though the Treasury is coming forward with a plan, there is still a good amount of uncertainty around its feasibility and probability of success. I'm wondering if Geithner will consider the Zimbabwe dollar as a backup currency today? The man shouldn't be allowed to manage a checkbook let alone our country. Frankly, I would love it if every domestic hedge fund flipped him and Congress the bird and let them worry about all the toxicity themselves. Government must learn not to meddle. Here is a great summary from my pal Ash Allen at 24/7 Wall St. who says "Let the People That ...
Weekend Linky Dinks
UpsideTrader —
... is just buying time. Will day traders become night traders? Interesting. Control freaks. Regulation is everywhere now, but the devil is in the details. With U.S. jobs in the crapper, what do we do with the flood of job visas? Looks like jumbo mortgage loans are making a comeback. The Quiet Coup. Richard Lefrak said a class 5 hurricane in commercial real estate is on its way. Revitalizing the Securitization Markets. Madoff is a con man strait out of ...
Related Content
To What Degree Were AIG’s Operating Insurance Subsidiaries Sound? (2)
alephblog.com 4/29/2009 — The Securities Lending Fiasco
Most, if not all life insurance companies engage in securities lending to some degree. AIG did it in a big way, involving almost all of their life subsidiaries. When a life insurer lends out its bonds, they receive back safe liquid collateral equal to 100-102% ...
WAPO on AIG
angrybear.blogspot.com 12/30/2008 — Robert Waldmann Over at the Washington Post, Robert O'Harrow Jr. and Brady Dennis have a fairly interesting first of 3 articles on what went wrong at AIG. Of course, they tend to stress personalities and personal conflicts, but hey do slip in some ...
Something Else To Blame on AIG!
tbm.thebigmoney.com 4/9/2009 — In honor of spring cleaning, it's worth taking inventory of what's underneath the TARP. We've got some disgruntled banks, some rusted-out car manufacturers, and the morbidly obese AIG, which seems to get smellier every day. And, oh, what's this ...
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 ...
Black Hole Alert: AIG to Get as Much as $30 Billion More
nakedcapitalism.com 3/2/2009 — Let's see, the credit default swaps market, due to some netting, is now somewhere north of $30 trillion (as opposed to its earlier "north of $60 trillion" level). Investment banks were believed to have hedged most of their exposure via offsetting ...
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 ...
Understanding “Tier 1″ capital ratios
optionarmageddon.ml-implode.com 12/1/2008 —
[Today on OA, a guest column by Dash Riprock. Dash previously worked as a CDO underwriter at a U.S. brokerage house in New York. He currently helps evaluate fixed income derivatives for banks and insurers.]
With all the talk of bank failures ...
General Electric: Kobayashi Maru
accruedint.blogspot.com 3/4/2009 — Credit default swaps on GE Capital traded as wide as 20 points up front area this morning. For some color on what this means, in the days following Lehman's collapse, Goldman Sachs never traded this wide and Morgan Stanley might have ticked this ...
The impotence of governments and derailing of shareholder culture
ftalphaville.ft.com 3/17/2009 — HOW MUCH POWER DOES A MAJORITY SHAREHOLDER HAVE IN AN ORGANISATION? The majority shareholder has great power for that person has the majority in passing the rules of the corporation. In business the stockholders vote by how many stocks they hold. The ...
AIG: Before CDS, There Was Reinsurance
ritholtz.com 4/2/2009 — Below is the latest issue of The Institutional Risk Analyst. We did a lot of work on this one. Look forward to your comments. — Chris
“What do many corporate buyers of insurance have in common with American International Group? Perhaps ...
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