alephblog.com - 4/29/2009
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Capital Stacking, Cross-guarantees, and Surplus Notes
After the difficulties with securities lending, the next issue reminded me a lot of the first company I worked for: Southmark. A two-time loser in chapter 11, in their second trip of insolvency, they interlaced the capital of their ...
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 ...
AIG: The Looting Continues (Banana Republic Watch)
nakedcapitalism.com 11/10/2008 — The Wall Street Journal reports , as was rumored on Friday, that AIG appears on the verge of approving a considerably enlarged and sweetened rescue package from the government. We were less than happy with the idea when it first surfaced (see our ...
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 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 ...
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 ...
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 ...
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 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 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 ...