AIG

  • News

    The Mysterious Case of AIG’s Schedule A

    Kudos to Matthew Goldstein who yesterday got a hold of AIG’s much sought-after Schedule A, “List of Derivatives Transactions.” Let’s hope that Hollywood optioned the AIG saga, because the story is too good to pass. (I’m digressing for a moment, but any thoughts on who could play Geither? Blankfein? Liddy?) While the unveiling of Sked-A […]

    / Jan 28, 2010 at 12:20 PM
  • News

    Barofksy: FYI, French Would’ve Negotiated With AIG

    SIGTARP Neil Barofsky- who is testifying later today- is adding oil to the AIG fire, saying in prepared remarks that French regulators were actually willing to negotiate AIG’s obligations after all. The claim further undercuts the argument the Fed has been using all along, namely that they didn’t push domestic counterparties to take haircuts as […]

    / Jan 27, 2010 at 1:40 PM
  • News

    Live-Blog Part II: Paulson In The House

    12:40 Hank, whose rosacea is flaring up like nobody’s business, has arrived to put Geithner out of his misery. 12:41 He’s happy be to be here and answer your questions, but just so you know, he’s got limited knowledge of the topics and not a lot of time, so let’s move this shit along. Seriously, […]

    / Jan 27, 2010 at 12:40 PM
  • News

    Live-Blogging The Geithner Grilling

    9:55 5 minutes to show time. While we wait: (I have it on good authority that Geithner and Paulson have rehearsed the above moves and will be performing them in lieu of opening remarks. Or they’ll just sit there and recuse themselves while turning red. It’ll be one of these two things. Hoping against hope…) […]

    / Jan 27, 2010 at 9:55 AM
  • News

    AIG More Threatening Than Bomber’s Balls

    Testicle bombers can apparently board planes freely despite being on terrorist watchlists and after having been reported to the CIA, but dammit, AIG emails will get a national security status.

    / Jan 25, 2010 at 3:53 PM
  • News

    Geithner And Bernanke: Bros Before Hos

    Brothers in arms Timmy G. and Ben B. will stand for each other ’til the end. In an interview with Politico, Timmy boy warned that the financial markets would react negatively, Armageddon will come and there will be locust showers if Ben isn’t confirmed. So there you go. He warned you. In the meantime, there’s […]

    / Jan 25, 2010 at 11:17 AM
  • News

    Tim Geithner Had Some Chats About The AIG Bailout He Wasn’t Involved In

    Timmy G, who, as we know is getting really frustrated with the whole AIG bailout storyline, apparently had a nice convo with Warren Buffett, Jamie D. and Lloyd on the day AIG was bailed out, at least according to phone logs submitted by the Fed in response to a subpoena last week from the House […]

    / Jan 22, 2010 at 4:58 PM
  • News

    NYFed Defends “Accuracy” Of AIG Deal

    The Fed is funny. Not Bernanke-funny but getting there. That whole controversy about them pushing AIG not to disclose some information, especially regarding its counterparties and how much money they got? Well, it wasn’t that they refused to make the appropriate disclosures, but rather that they were trying to be accurate, hence edited some data. […]

    / Jan 20, 2010 at 2:45 PM
  • News

    Ben Bernanke Would Love People To Poke Around The AIG Bailout

    Ah Bernanke and his perfect sense of timing. Ben decided to play nice today and wrote a letter to GAO Acting Comptroller Gene Dodaro to let him know that the Fed would “welcome a full review by GAO of all aspects of our involvement in the extension of credit to AIG.” Even though he’s on […]

    / Jan 19, 2010 at 3:00 PM
  • News

    AIG To Strike Bonus Compromise?

    Yael will be guest-contributing to DealBreaker for the next couple weeks. She’s worked as an editor for Investment Dealers’ Digest and Dow Jones. Welcome her! Maybe AIG and Blankfein should just team up to do God’s work, because each week brings more proof that the bailed out giant mess of a company works in mysterious […]

    / Jan 19, 2010 at 10:47 AM
  • News

    Tim Geithner Knows No One’s Really Mad At Him

    A few days back, there was some suggestion that while he was running the New York Fed, Tim Geithner and his staff maybe instructed AIG to keep its payments to banks hush-hush, as backed up by emails containing memos saying as much. Timbo’s former employer said TG had nothing to do with it, but some […]

    / Jan 14, 2010 at 5:36 PM
  • News

    Old Man, This Time Sans Dog, Shoots Off Warning Signal To Goldman Sachs

    Maria Bartiromo: So you think Goldman is to blame for AIG? Hank Greenberg: Oh yeah. And there’s more to come out. Earlier: “We’re dealing with a jigsaw puzzle where all the pieces are not in the box. Bit by bit, we’re getting the pieces. The pieces are failing into place and the picture on the […]

    / Jan 14, 2010 at 4:45 PM
  • News

    Tim Geithner Didn’t Try To Cover Up AIG Payouts, Says Tim Geithner’s Employer

    Remember that story yesterday, about how then NY Fed Chair Tim Geithner and his staff maybe instructed AIG to keep its payments to banks hush-hush, as backed up by emails? Never happened, says New York Fed’s general counsel. He has no idea what any of you are talking about. In fact, he’s never even heard […]

    / Jan 8, 2010 at 3:49 PM
  • News

    Robert Benmosche’s Balls Are Bigger Than The Government’s Collective Sack, Says Robert Benmosche

    Since taking over AIG in August, Bobby Benmosche has not minced words about the fact that one of the insurer’s greatest impediment to success are the “crazies” in Washington. He’s also promised to protect his employees from these insane people, at any cost, by sticking government officials in a little locked room and doing unspeakable […]

    / Dec 24, 2009 at 10:48 AM
  • News

    Something Serious Is Going On With Andrew Cuomo

    So, remember those $165 million in retention bonuses paid to AIGFP employees that a lot of people got their panties in a bunch over earlier this year? So much so that the recipients were guilted into giving the money back? For the most part, they never did (only about $19 million has been forked over). […]

    / Dec 23, 2009 at 3:26 PM
  • News

    AIG To Remain In The Insurance Business

    This Robert Benmosche is a pretty sharp guy. He thinks that an insurance company should insure things, even if that means that Tim Geithner & Co. are going to have to wait longer for their money. AIG has put the kibosh on plans to rid itself of Chartis, its property and casualty unit, which it […]

    / Dec 22, 2009 at 3:41 PM
  • News

    AIG Clears $25B In Debt, Finds New $12B Problem

    “AIG continues to make good on its commitment to pay the American people back,” the one-time insurance giant and current liquidation special’s CEO said today. Its customers may be a different story. AIG announced that it has reduced its debt to the federal government by $25 billion–it now owes slightly less than $100 billion–giving the […]

    / Dec 1, 2009 at 8:56 AM

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