Securities Lending - Legal Cases - AIG
- (f) Willumstad: “AIG did not face significant cash demands from securities lending counterparties until on or around Monday, September 15 or possibly Friday, September 12”. (Willumstad: Trial Tr. 6489:25 – 6490:4).
Case 1:11-cv-00779-TCW Document 428 Filed 02/19/15 Page 81 of 573 - 573p
- AIG’s insurance operations held investments in RMBS with an estimated fair value of $94 billion at June 30, 2007, or approximately 11 percent of AIG’s total invested assets.
- In addition, AIGFP held investments totaling $3.6 billion in CDOs which include some level of subprime exposure.
Oppenheimer v AIG