The Huffington Post (Free subscription) | yesterday
A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office's report on the government bailout last year of the American International Group. More on Financial Crisis
SeekingAlpha.com (Free subscription) | 4 hours ago
Craig Pirrong submits: Krugman is bashing Timmy! Geithner for his role in the AIG bailout . This poses something of a dilemma for yours truly. My sentiments parallel those of Henry Kissinger during the Iran-Iraq War: too bad they both can’t lose. All snark aside, the SIGTARP report that has put Timmy! (oh, that was snarky–sorry) on the hotseat raises some questions that have been totally...
bethtodd8b | 3 hours ago
Big Moving Stock scans the stock market for stock picks using volume analysis, trend signal indicators, chart patterns, and investor sentiment from twitter. Stocks, Options, Stock Market, Stock Quotes, Stock Tips, Nasdaq, NYSE, New York Stock Exchange, Wall Street, Hedge Fund, stock market advice, stock market basics, stock market data, stock market graph, stock market indices, stock market predictions,
Vox Verax (Free subscription) | 5 hours ago
By GRETCHEN MORGENSON NYT A RAY of sunlight broke through the Washington fog last week when Neil M. Barofsky, special inspector general for the Troubled Asset Relief Program, published his office’s report on the government bailout last year of the American International Group. It’s must reading for any taxpayer hoping to understand why the $182 billion “rescue” of what was once...
The Business Insider (Free subscription) | 8 hours ago
Check out this heatmap of the infamous credit default swap (CDS) market, courtesy of Zero Hedge . Obviously November 19th (the date of this heatmap) was a pretty bad day given all the red, which indicates weakness. Yet also notice the massive size of AIG as a proportion of the map. AIG credit default swaps make up a huge chunk of the upper left hand corner. Upper left hand corner, zoomed-in -- This...
Law Blog - WSJ.com (Free subscription) | 11/21/2009
One of the three trustees who oversees U.S. taxpayers' nearly 80% stake in AIG recently said he wanted to quit his post, but was persuaded to stay on. Separately, the government is seeking possible candidates to add to the insurer's board.
My Bandra Blogs Mumbai Classifieds (Free subscription) | yesterday
About Tata AIG Life : Tata AIG Life Insurance Company Ltd. “Tata AIG Life” offers a broad array of life insurance products to individuals, associations and businesses of all sizes, with a wide variety of additional coverage to ensure our customers can find an insurance product to meet their needs. Tata AIG Life is a joint venture [...]
The Street (Free subscription) | 11/21/2009
Shares of insurance companies finished the week flat after some volatility over the last few days.
JustOneMinute (Free subscription) | 2 hours ago
Gretchen Morgenson of the Times lauds the truth-telling in the recent Special Inspector General's report on the AIG bailout. Let's start with her inspirational Big Finish: Probing, in-depth analyses of regulatory responses to the financial meltdown are worth their weight...
Sacramento Bee (Free subscription) | yesterday
Earlier this week, the inspector-general for the Troubled Asset Relief Program, a.k.a. the bank bailout fund, released his report on the 2008 rescue of the insurer American International Group. The gist of the report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue. And more than money was lost....
Calculated Risk (Free subscription) | 11/20/2009
From Paul Krugman writing in the NY Times: The Big Squander During the bubble years, many financial companies created the illusion of financial soundness by buying credit-default swaps from A.I.G. — basically, insurance policies in which A.I.G. promised to make up the difference if borrowers defaulted on their debts. It was an illusion because the insurer didn’t have remotely enough money...
The Baseline Scenario (Free subscription) | 11/20/2009
As everyone knows by now, Neil Barofsky, special inspector general for TARP, has a new report out on the decision by the Federal Reserve Bank of New York last Fall to make various AIG counterparties (primarily some very big banks with names you know) whole on the the CDS protection they had bought from AIG [...]
CJR Daily (Free subscription) | 11/20/2009
I wrote twice on Tuesday about the bizarre Tim Geithner quote that "the financial condition of the counterparties was not a relevant factor" in his decision to bail out AIG. I called it a "stunner" and said it ought to be "second-day-story number one." Now we're to the fourth day and it's just us and now The Wall...
SeekingAlpha.com (Free subscription) | 4 hours ago
Theodore DeMatties III submits: I have been a proponent of directing responsibility in last year’s credit crisis for some time now. The banks, which played a major role in the breakdown, were bailed out by the same people who had to endure the punishment. Where is the logic in that I ask? Banks such as Goldman Sachs ( GS ) and Citigroup ( C ) created and distributed toxic assets, better known...
The Earth Times Online Newspaper (Free subscription) | 8 hours ago
A leading Cumbria-based online insurance service is keen to take advantage of the foreseen recovery of the insurance industry, which recently gained a boost with beleaguered insurer AIG reporting its second profitable quarter in a row./I/P PCumbria, Great Britain (PRWEB) November 22, 20...
The 3 latest articles published by users on AIG :
bethtodd8b | 3 hours ago
Big Moving Stock scans the stock market for stock picks using volume analysis, trend signal indicators, chart patterns, and investor sentiment from twitter. Stocks, Options, Stock Market, Stock Quotes, Stock Tips, Nasdaq, NYSE, New York Stock Exchange, Wall Street, Hedge Fund, stock market advice, stock market basics, stock market data, stock market graph, stock market indices, stock market predictions,...
andro | 10/23/2009
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paisano1 | 03/18/2009
There is something rotten at AIG, and calling out those multiple flaws in the way the directors, officers, and managers ran the company can be used to negate those bonus payments. The fatal flaw(s) may be in the contract language and in the bonus plan, which, one would hope, set up some criteria for paying millions in shareholder money above and beyond base salary. We may find that the bonus contracts
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