ADD - AIG

  • (p48) - Carolyn Maloney (D-NY) - So if Financial Products was walled off and allowed to fail, the insurance portion would be safe and sound, and going forward, is that correct?
  • Joel Ario (NAIC - PA - Insurance Commissioner) - Yes, the assets would be there and would be protected.

2009 0318 - GOV (House) - American International Group’s Impact On The Global Economy: Before, During, And After Federal Intervention, Federal Aid to AIG Insurance, Regulators Panel (CSPAN), Paul Kanjorski (D-PA)  ---  [BonkNote]

 

 

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  • 2007 0611 - OTS - Office of Thrift Supervison Holding Company Report Of Examination of AIG - 52p1
    • (p37) - The following table lists AIG's significant intra-group transactions (IGT) as of March 31, 2007.
      • $6.1 billion in Loans: From American General Life Insurance Co to AIG Financial Products Corp
  • 2010 0526 - COP - Hearing - TARP and Other Government Assistance for AIG - [PDF-241p] - [VIDEO-CSPAN-Parts 4 and 5] -- [Snippets]
    • (p218) - Mr. SILVERS. I wasn’t planning to ask this, but I now feel compelled to do so.
      • I notice Mr. McWatters didn’t bring up Goldman Sachs or JP Morgan, so obviously it’s on Treasury’s mind.
      • Is it not the case that in the week of September 15, 2008, that the cash calls that the company could not meet were in two lines of business and two lines of business only.
      • And but for those cash calls, none of this would have been necessary?
      • And those two lines of business were, and it depends on what— you know you can believe or not—you can argue I guess with the state insurance regulators, they certainly were the swaps business and they may have been the securities lending business. 
      • And but for those two enterprises, none of this would have occurred?
      • Is that not so?
    • Mr. MILLSTEIN. That is not so. So let me——
    • Mr. SILVERS. Are you seriously asserting that if you wipe those two pieces of business off the books, that AIG was nonetheless insolvent?
    • Mr. MILLSTEIN. Let me——
    • Mr. SILVERS. And are you accusing the New York State Insurance Commissioner of lying to this panel?
    • Mr. MILLSTEIN. Can I answer the question? I’m trying to be——
    • Mr. SILVERS. I’m just astounded at the lengths you will go to to defend something that may, in fact, be defensible in a perfectly straightforward way.