AIG - Bonk - Can't Say - Insurance Companies
- Ring-Fencing
- Solvency / Insolvency
- Separate AIGFP and Insurance Companies
- Entities / People could just go out and get new Insurance
- Companies usually go into Bankruptcy, and still continue business
- AIG Haircut vs Monoline
- Paulson - EESA - Buy toxic assets vs Inject Capital
- Money to Banks
- Bair - Banks were fine, maybe not Citi, perhaps a cover for Citi
- Solvency / Insolvent
- InSolvent
- Barney Frank - They weren't Solvent
- GOV - Kohn
- Eric Dinallo
- Solvent
- NAIC
- 2011 - ACG - Examination
- Eric Dinallo
- Separate AIGFP and Insurance Companies
- Possible
- 2010 0217 - GOV - Luetmeyer - Missouri, Separate Entities
- Not Possible
- 2010 0127 - GOV - Geither - If we could have, why wouldn't we
- Data
- OTS - ACG - 7B to AIGFP
- GICS, SunAmerica
- Securities Lending / MIPS
- Entities could just go out and get new Insurance
- Yes
- No
- Greenberg-? - GOV - it would be tough
- Question:
- What about Life, Annuities, GICS
- Companies go into Bankruptcy all the time, and still continue to do business
- Yes
- No
- Why Can't they?
- Stays
- Claims vs. LIRP
- FSOC / MetLife
- AIG - No Haircut vs Monolines - Haircut
- Yes
- 2009 1028 - tavakolistructuredfinance - Goldman’s Lies of Omission, by Janet Tavakoli - [link]
- “New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers,” by Richard Teitelbaum and Hugh Son, Bloomberg News – October 27, 2009
- Janet Tavakoli, founder of Chicago-based Tavakoli Structured Finance Inc., a financial consulting firm, says the government squandered billions in the AIG deal.
- “There’s no way they should have paid at par,” she says. “AIG was basically bankrupt.”
- Citigroup Inc. agreed last year to accept about 60 cents on the dollar from New York-based bond insurer Ambac Financial Group Inc. to retire protection on a $1.4 billion CDO [Ambac said the underlying was worth about zero, and the protection payment would otherwise have been the full $1.4 billion].
- 2009 1030 - GOV (Issa) to William C. Dudley, President, Federal Reserve Bank of New York - 5p
- No