Posts relating to “"AIG"” (2466)

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1. Alan Graysons Letter To Ben Bernanke Questioning The Further Coddling …

   
   Delaware Way — Authority 443
   ’s Wall Street Journal was that AIG is now concerned that they might not be able to repay the loan in two years. Fine. Extend […] the term another year. Those are the ONLY changes warranted. Remember, AIG does NOT has any God-given right to […] existence. If every significant operation AIG has must be sold to repay the taxpayer, and AIG ceases to exist, that would be a
   6 days ago

2. Janet Tavakoli Retracts Her Apology To Goldman Sachs, Calls For More …

   
   zero hedge — Authority 742
   Federal Reserve and Treasury agreed that an AIG failure posed unacceptable risk to the global financial system and the U […] catastrophic implication[s]. From July 2007, AIG’s financial situation deteriorated while so-called “AAA” collateralized debt […] obligations (CDOs) dropped in value. AIG sold credit default swaps (CDSs) on these CDOs and had to post more collateral, as the
   4 weeks ago

3. Goldman/AIG Conspiracy Theories: There’s a Reason They Won’t Go Away

   
   naked capitalism — Authority 720
   the AIG bailout from the SIGTARP report and the Treasury Secretary Geithner’s Congressional testimony, a nagging question […] remains unresolved: why did AIG get bailed out but the monoline bond insurers did not? The business that caused AIG to blow […] bonds (ABS CDOs). This was actually one of the few business that AIG Financial Products had in common with the monolines
   3 weeks ago

4. Alan Grayson Asks Bernanke for Answers in Latest Retrade of AIG Deal

   
   naked capitalism — Authority 720
   The ongoing tempest in a teapot about executive compensation at AIG appears to be a bit of Kabuki theater designed to […] Congressman Alan Grayson’s pointed questions to Bernanke about the latest de facto handout to AIG, but we wanted to give some of […] original AIG deal, which from a structural standpoint, was the only bailout that made any sense. But then the deal was
   1 week ago

5. WSJ: Goldman Fueled AIG Gambles

   
   The Big Picture — Authority 689
   Monday morning: Goldman Fueled AIG Gambles Excerpt: “Goldman Sachs Group (GS) played a bigger role than has been […] publicly disclosed in fueling the mortgage bets that nearly felled American Insurance Group (AIG). Goldman was one of 16 banks […] paid off when the U.S. government last year spent billions closing out soured trades that AIG made with the financial firms
   1 week ago

6. Rich People Things, with Chris Lehmann: The (Partial) Vindication of …

   
   The Awl — Authority 774
   -connected investment house—was the real target of the government’s massive bailout of AIG because it was exposed to the tune of $12 […] .9 billion in notes that AIG owed on Goldman-backed credit-default swaps. “When AIG collapsed—in fact because AIG collapsed […] —it owed money to several banks, and when the government took over AIG, it owed money to the banks, too.” Translation: Nothing
   1 week ago

7. Goldman Sachs Fueled Mortgage Crisis, Nearly Killed AIG

   
   RelistrReal Estate News, Mortgage, Housing, Homes For Sale - Relistr.com — Authority 524
   The Wall Street Journal, Goldman Fueled AIG Gambles , reported on Saturday that Goldman Sachs played a big role in […] .” AIG would not exist today if the U.S. government had not stepped in with bailout. On September 16, 2008, the Federal […] Reserve created an $85 billion credit facility to enable the AIG to meet increased collateral obligations consequent to the
   1 week ago

8. Is The Fed Facing Margin Calls From European Banks?

   
   zero hedge — Authority 742
   the Troubled Asset Relief Programs (SIGTARPs) November 17, 2009 report "Factors Affecting Efforts to Limit Payments to AIG […] chain involving Dubai, the Federal Reserve, AIG, Basel I, Eastern Europe and even Switzerland and which, even if it doesnt […] references the footnote reads thus: As of September 30, 2009, AIG had $172 billion in exposure to swaps in its foreign
   3 weeks ago

9. Goldman Fueled AIG Gambles

   
   Economy and Society — Authority 136
   trades that AIG made with the financial firms.   A Wall Street Journal analysis of AIG’s trades, which were on pools of […] spokesman said that between mid-2007 and early 2008, Goldman showed AIG “market price levels” at which trades could be undone […] , allowing AIG to decrease its risk, but “AIG refused to accept that the market was deteriorating.” When Goldman didn’t get as
   1 week ago

10. The Architecture Of The Scam (Goldman .et.al.)

    
    The Market Ticker — Authority 653
    course. In Goldmans biggest deal, it acted as a middleman between AIG and banks, taking on the risk of as much as $14 […] billion of mortgage-related investments. Then Goldman insured that risk with one trading partner—AIG, according to the […] losses, Goldman bought protection from AIG, in the form of credit-default swaps. Goldman charged more than AIG for the
    1 week ago