Results tagged “AIG” from Dealbreaker
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Does This Even Qualify As A Negotiation?
Nov 17, 2009, 11:10am
Posted by Jon Shazar
Timothy Geithner honed his spinelessness chops long before he got to the Treasury Dept., according to a new report. Well, not that long before. It came a year ago, when Timmy headed the New York Fed and gave AIG's counterparties...
Who Should Take Over For Benmosche?
Nov 11, 2009, 2:12pm
Posted by Bess Levin
Update: Fuck the below and headline above: CNBC reports that Bob has sent a memo to employees promising he'll never leave them. __________________________________________________ Obviously it goes without saying that we sincerely hope Bobby B's threat to walk out of AIG...
Snowball's Future Is Secure
Aug 06, 2009, 12:55pm
Posted by Equity Private
Hank has managed to grease the requisite regulatory palms to get out from under the thumb of that whole unpleasant AIG business you may have heard about. (Vicious lies!) More importantly, Snowball will not have to worry about being the...
AIG Wants Hank On That Wall
Jun 17, 2009, 2:10pm
Posted by Greg Michaels
Former AIG CEO Hank Greenberg must be feeling a lot like Colonel Jessep. AIG sued Greenberg for his role in canceling a deferred compensation plan for executives and running away with millions of AIG shares which were then sold over...
Fraudster Is $5,000 Poorer But No Prisoner
Jun 16, 2009, 2:17pm
Posted by Greg Michaels
In a convincing victory for justice, the former CEO of a Gen Re subsidiary was sentenced to the equivalent of a mild warning from a substitute teacher for his part in defrauding AIG investors of $597 million. John Houldsworth pleaded...
Capt. Sully Probably Saved AIG Millions
Jun 12, 2009, 12:40pm
Posted by Greg Michaels
No stranger to bailouts themselves, AIG is not going to bail out people who suffered losses or minor injuries from the US Airways flight that went down in the Hudson River. For those who were looking for a nice payday...
Fed's Portfolio Wasn't Looking So Hot In Q1
Jun 10, 2009, 1:25pm
Posted by Greg Michaels
Even with the explosive rally in everything during the last 3 weeks of March, the Fed took it on the chin (again) with its Bear and AIG investments. The Q1 hit was a robust $5.25 billion. The loss on the...
Sell Mortimer, Sell!
May 08, 2009, 3:56pm
Posted by Equity Private
Turnabout is fair play. Remember when we laughed at the Japanese for the real-estate deals they took a bath on at the top of the market? Those birds have, it seems, come home to roost as a number of American...
"What's The Largest American Express Giftcard I Can Give To My Dog, And Can I Pay In Cash?"
May 06, 2009, 10:39am
Posted by Equity Private
We were going to spend some time making fun of the fact that the cost of the fight to seize Snowflake's not-quite-a-billion-dollar inheritance from AIG's Hank Greenberg is fast approaching the $120 million paid to AIG employees in Bonuses and...
Happy Birthday, Hank Greenberg!
May 04, 2009, 12:35pm
Posted by Bess Levin
He's probably just going to enjoy a quiet evening at home with Snowflake, but that doesn't mean you can't help the li'l fella ring in his 84th by starting a letter writing campaign to your congressmen and local media outlets...
Memories Of Bear
Apr 24, 2009, 12:02pm
Posted by Equity Private
We understand that the word "billion" has lost a good deal of meaning around here lately. Be that as it may, some statistics that contain the word are still useful (at least for entertainment value). To wit: The Federal Reserve...
What Ever Happened With That Whole AIG Bonus Thing Anyhow?
Apr 22, 2009, 3:37pm
Posted by Equity Private
Basically, nothing. We suspected, and told you, dear reader, that there was very little that the government could, should or would do. Not only did they do very little, other than nearly incite a riot (including here in the comments...
A Day Late And A Dollar Long
Apr 01, 2009, 11:59am
Posted by Equity Private
The real question is why it took so long. That compensation was, at the very least, out of tune with popular sentiment is quite obvious. Why any number of shifty methods to reign it in were undertaken before the most...
Double Dodd Dipping
Mar 30, 2009, 4:33pm
Posted by Equity Private
The [AIG] employees were told, "If you agree," to write checks for $2,100 from themselves and their spouses and to send them to Mr. Dodd's campaign within four days. They also were to ask the senior members of their management...
Dehydrated Conspiracy: Just Add AIG!
Mar 30, 2009, 8:15am
Posted by Equity Private
Certain networks just attract conspiracy theorists and the theories that these theorists theoretically theorize with the same level of surreal magnetism that acts between big oil and Maxine Waters. That's not to say, for instance, that Goldman Sachs isn't totally...
Connecticut Is Mad As Hell And Is Not Going To Take This Anymore!
Mar 23, 2009, 2:45pm
Posted by Equity Private
Seriously. Connecticut is really pissed off and they want their piece of the pie. Yesterday. The state of Connecticut is analyzing the details of bonuses paid by American International Group to see whether they violated state law and what possible...
One Man's Counterparty Credit Risk Hedge Is Another Man's Directional Bet
Mar 20, 2009, 12:26pm
Posted by Equity Private
Tyler Durden over at Zero Hedge has an interesting take on Goldman's AIG hedging: Purchasing $10 billion in CDS (roughly in line with what Viniar claims happened) at a hypothetical average price of 25 bps (and realistically much less than...
Is The AIG Tax Constitutional?
Mar 19, 2009, 5:10pm
Posted by Equity Private
A Dealbreaker commenter points out: "The bill that just passed is saying that anyone working for those firms with a combined family income of $250k or more will have the bank employee's bonus taxed at 90%." The reason for this,...
See You At The Guillotine
Mar 19, 2009, 2:30pm
Posted by Bess Levin
As mentioned yesterday, protests are scheduled to take place downtown today at 4PM, beginning at Goldman Sachs. The following memo just went out to AIG employees re: the demonstration. As a result of the continued media attention directed toward AIG,...
Mark Haines Dares To Impugn Chuck Rangel's Integrity When It Comes To Taxes
Mar 19, 2009, 11:17am
Posted by Bess Levin
Here it is. Starts getting good at 5:10....
