Alan Grayson

  • 2010 0319 - businessinsider - Check Out Alan Grayson's Furious Letter To The AIG Trustees, by Gus Lubin - [link]
  • 2009 0319 - GOV (House) - Regulation versus Chaos: Rep. Alan Grayson on What Really Happened at AIG  ---  [VIDEO-Clip-YouTube]
    • AIG 10k - 
    • Securities Lending Counterparties
  • New York Insurance Commissioner Eric Dinallo and Pennsylvania Insurance Commissioner Joel Ario came before your committee and swore state regulation actually worked, and that, whatever its trading losses in London and New York, AIG's insurance companies weren't stripped, they're still solvent.
    • "The 10-K disagrees with them. It's not that hard. They're all crooks."
    • He meant the AIG people, not the insurance commissioners.

2009 0327 - The Philadelphia Inquirer - Congressman wants AIG leaders jailed, Rep. Grayson, Alan Grayson (D-FL) - [link]

  • (p38) - Alan Grayson (D-FL) - Let’s assume, for the sake of argument, that we agree that something went badly wrong in the case of AIG, and that bailing out AIG was not the best use of $100 billion of taxpayer funds.
    • ⇒  Somewhere along the line, somebody should have had the authority and the guts to say to AIG, you are doing something wrong. You need to stop. 
  • And what I want to hear from you all is I would like to hear your best ideas about what the substantive rules should be in order to avoid a recurrence of the situation that we have had with AIG. And I am talking about specific limits because I am concerned that if we simply say to a systemic risk regulator, you figure it out, that is not being responsible.
  • ...
  • What are your best ideas about when to tell AIG or any other insurance company that enough is enough?

2009 0514 - GOV (House) - How Should the Federal Government Oversee Insurance?, Paul Kanjorski (D-PA)  ---  [BonkNote]