Submit a Story!
Votes
topics:

vote down flag
Shock and Awe
epicureandealmaker.blogspot.com - 10/30/2009
Shock and Awe
—
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 this and that. (I called myself a squirrel ; ...
Never Send a Boy to Do a Man's Job
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

Comments vote down naked capitalism found this 10/28/2009found this
online.wsj.com - 10/29/2009
In Reversal of Fortune, AIG Recoups Collateral
— online.wsj.com — After shelling out billions of dollars to Wall Street banks last year on souring trades, American International... Group Inc. has gotten some of that money back, thanks to a turnaround in the very securities that helped level the insurer. Billions of ... (more) In Reversal of Fortune, AIG Recoups Collateral

Comments vote down Between the Hedges found this 10/29/2009found this
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” ...

Comments vote down Abnormal Returns found this 11/1/2009found this

Blog Reactions

Abnormal Returns:  Friday links: slow capital

naked capitalism:  Links Happy Halloween!

interfluidity:  Sympathy for the Treasury

More
Comments
Blog Reactions

Friday links: slow capital
Abnormal Returns — ... a banker worth? Less.  (Time also Curious Capitalist) Floyd Norris, “Why are financial industry paychecks so big?”  (NYTimes) Why aren’t banks using the opportunity to raise more equity?  (Economist) How the Feds could have obtained a haircut on AIG (AIG) CDS contracts.  (Epicurean Dealmaker) With 3Q GDP figures in the rear view mirror: ...

Links Happy Halloween!
naked capitalism — California among 15 states suing Amgen over anemia drug Los Angeles Times Bad C’s Michael Panzner Hampton Georgia (Pop. 5,300) Attacked by FDIC, FHA, Fannie and Freddie Bruce Krasting Shock and Awe The Epicurean Dealmaker Antidote du jour: You get an antidote from the antidote: ...

Sympathy for the Treasury
interfluidity — ... Whatever disagreements one might have, in statistical if not moral terms it was an extreme privilege to sit across a conference table and have a chance to speak with these people. And despite the limitations of the event, I'd rather there be more of this kind of thing than less. So a sincere tip o'the hat to all of our hosts. Thank you for having us. The second thing I'd like to discuss is corruption. Not, I hasten to add, the corruption of senior Treasury officials, but my own. As a slime mold with a cable modem, it was very flattering to be invited to a meeting at the US ...

Discretion and financial regulation
interfluidity — ... . Whatever the legal prearrangements, regulators have always had sufficient leverage , over firms and firm managers, to push through any structural changes they deemed necessary and to create bargaining power for firms to insist on loss sharing. Finally, earlier this year, when bank nationalization was an active debate, opponents did not because they could not claim that authority would not be found if the administration decided nationalization was the way to go. Harsh measures towards banks would have been extremely popular. What authority the administration did not have by ...

The AIG-Maiden Lane III Controversy
The Baseline Scenario — ... Various people have argued, however, that the Fed could have negotiated a better deal. The Epicurean Dealmaker argues that, given the considerable powers of the Federal Reserve and the federal government in general, the banks could have been intimidated into accepting a modest haircut. ...

Related Content
"Goldman big winner in government's revised bailout of AIG"
nakedcapitalism.com 11/12/2008 — Note that the headline above was on a Wall Street Journal story about the new taxpayer-raping improved version of the AIG bailout. The current headline is anodyne: "New AIG Rescue Is Bank Blessing." Just as one wonders why the government backed ...
The Black Hole Gets Bigger: AIG Back for Yet Another Bailout
nakedcapitalism.com 11/8/2008 — The Financial Times reports that AIG is up to its old tricks, back again to the trough for more money. Christmas The Iceland credit default swaps settlement is coming soon, you know. The worst is that AIG is pretending to act as if this is a ...
The Problem With Financial Services Compensation (AIG/Pay Czar Edition)
nakedcapitalism.com 10/13/2009 — The Financial Times reports that the so-called pay czar Kenneth Feinberg, who is in charge of overseeing compensation at TARP recipients, is going to crack down on some of the bonuses paid at AIG : The Obama administration’s pay tsar has indicated ...
"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 ...
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: 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 ...
AIG: Before Credit Default Swaps, 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? ...
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 ...
AIG to Retrade Its Bailout Yet Again? (Banana Republic Watch)
nakedcapitalism.com 2/24/2009 — Sports fans, your humble blogger earnestly endeavors to keep up with the machinations of of big financial firms to extract rents from the poor chump taxpayer, usually by invoking scary images of the financial version of nuclear winter. Since we ...