AIGFP - Goldman Sachs - Collateral Calls

  • 2007 1220 - Goldman Sachs Collateral Disagreement re Observations and Conclusions by Micottis - 44p
  • 2008 0307 - AIG Cassano email to Dooley and Bensinger - 2p
  • 2010 0701 - AIG/Goldman Sachs Collateral Call Timeline with Supporting Documents -  518p

It seems clear to me that Goldman does not want to go to dealer polls.

  • My guess is, if we offer them an additional $1.250 billion they will balk but eventually accept.
  • If we offer them $1.5 they will whinge <sic> but go along.
  • They may hold out for a bit more but I doubt more than $1.750 billion.

⇒  My recommendation is that it would serve us well to go back to them and offer to pledge an additional $1.25 billion very soon and request that they not make further calls for another 90 days from the end of Feb.

Please let me know how you wish to proceed.

Joe <Cassano>

2008 0307 -  AIG Cassano email to Dooley and Bensinger - 2p