capital-chronicle.com - 3/16/2009
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AIG have kindly released this document after putting the boot into the US taxpayer with its mind-boggling announcement of huge retention and other bonuses . Course, it's really all for the public good explained Mr Edward Liddy, the group's CEO. According to Bloomberg he argued that such payments ...
Reuters: AIG Deal Near
ritholtz.com 3/1/2009 — Reuters is reporting that a new new bailout for AIG is almost done. This would be the third attempt at rescuing the fallen giant, whose ventures into structured finance and derivatives brought down an otherwise well run, money making insurer.
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AIG Restructuring Leaving Best Bits to AIG, Not US Taxpayer
nakedcapitalism.com 3/3/2009 — I had refrained from commenting much on the latest iteration of retrading AIG's deal with Uncle Sam, save to observe that each of its predecessors had resulted in an arrangement more favorable to AIG, and I saw no reason to assume this time would ...
The AIG Scandal
portfolio.com 3/3/2009 — While I was stuck for most of today in areas of London which seemingly had no wifi coffee shops, AIG managed to contrive to lose $61 billion in a single quarter ( $670 million a day! ) and the stock market finally gave up any hope of staying above ...
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 ...
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 ...
Is GM the new AIG?
economicdiscourse.com 2/2/2009 — As we saw with AIG , it is incredible how quickly a small capital injection can turn into a massive, never ending liability. This is what AIG has become, and GM wants the same treatment. I do express my sympathy for the hard working, dedicated employees at the company. However, I do not extend ...
AIG Gets Revised Bailout
clusterstock.com 11/10/2008 — FarallonLosesHuge.jpg As expected, AIG (AIG) has worked out a new bailout deal designed to relieve if of the burdens of its last bailout. The details are pretty much what was reported last night including more money, $40 billion from the TARP, and a ...
AIG bailout provides derivatives blueprint
financetrends.blogspot.com 3/17/2009 — Okay, at this point I think everyone is probably sick to death of hearing about AIG, and I wasn't actually planning to add anything to our recent AIG-related posts. Nevertheless, the Financial Times has a very worthwhile article today about the effects that the US government's bailout of AIG ...
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: 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 ...
"Lives in Danger" at AIG —
The Big Money 3/17/2009
Working for a vilified corporate titan is not easy these days, but for AIG execs, Monday was a day they probably should have stayed at home. Death threats against employees, possible fresh subpoenas, indignation from lawmakers and a vow from ...
The Real AIG Scandal —
The Big Money 3/17/2009
Everybody is rushing to condemn AIG's bonuses, but this simple scandal is obscuring the real disgrace at the insurance giant: Why are AIG's counterparties getting paid back in full, to the tune of tens of billions of taxpayer dollars?
For the ...
MTV Inadvertently Airs Geithner and Liddy Drama —
The Big Money 3/17/2009
The AIG drama is a layered affair. There’s the initial outrage between the American people and the company, of course. But there’s also the more personal drama playing out between many of the officials and executives involved. The galling bonus ...
The Bigger Question Raised by AIG’s Bonuses —
The Big Money 3/17/2009
Andrew Ross Sorkin defends the AIG bonuses in today’s New York Times in the name of “the sanctity of contracts.” He asks, “If you think this economy is a mess right now, imagine what it would look like if the business community started to ...
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