Archive for September 2021
Swaps
Swaps CDS – Credit Default Swaps The emergence of interest rate swaps as an accepted financing strategy is relatively recent. From their start in 1982, the volume has grown to an estimated $75 billion. 1986 , NAIC Proceedings – WORKING GROUP (EX4) ON EMERGING ISSUES MINUTES, MEETING OF JANUARY 22, 1986
Read MoreNAIC – Liquidity
Liquidity – NAIC Liquidity Assessment (E) Subgroup – NAIC – Current Life Liquidity Risk Working Group – NAIC – 2000 previously been assigned to the Life and Health Actuarial Task Force content.naic.org/sites/default/files/inline-files/cmte_ex_lasg_exposure_narrative_stress_testing.pdf
Read More2008 Financial Crisis – Contagion
Contagion – 2008 From: “Habayeb, Elias” Sent: 09/16/2008 07:16 AM To: Alejandro LaTorre Cc: “Frenkel, Dr. Jacob A.” <[email protected] > Subject: FX Settlement Failures Alex, It seems that Barclays, JPM and Deutsche Bank are holding back on the amounts they owe us under FX transactions. If this continues, the amounts are in the billions. This…
Read More2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy – Paul Kanjorski (D-PA)
2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy 2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy – Paul Kanjorski (D-PA) — [BonkNote] [PDF-380p, [VIDEO-CSPAN-Ed Liddy-AIG-CEO] Edward Libby testified about operations and business practices at American International Group (AIG) before, during, and after federal…
Read MoreAIG – IntraCompany Lending
AIG – IntraCompany Lending 2007 0611 – OTS – Office of Thrift Supervison Holding Company Report Of Examination of AIG – 52p 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 Richard Scott – FCIC…
Read MoreEd Liddy
Ed Liddy AIG AllState 2009 0402 – Letter – Congressman Gary C. Peters to Liddy – 2p Government Hearings 2009 0318 – American International Group’s Impact on the Global Economy: Before, During, and After Federal Intervention – aka Federal Aid to AIG Insurance, CEO Testimony – [PDF – 380p, VIDEO-CSPAN] marketplace.org/2008/10/22/aig-ceo-edward-liddy-interview-transcript/ Ed Liddy: Well, our insurance…
Read More2008 Financial Crisis – Congress – September
2008 September – Congress 2008 0924 – GOV – Federal Financial Market Rescue Plan, Part 1 – [PDF-p, CSPAN] 2008 0924 – GOV – Federal Financial Market Rescue Plan, Part 2- [PDF-p, CSPAN] Paulson, Bernanke
Read MoreBear Stearns
Bear Stearns Samuel Lek, Lek Securities 2008 0306 – SEC – Bear Stearns Notes – 3/6/08 to 3/14/08, Steve Spurry – FCIC – 7p Bob Upton explained that hedge funds are starting rumors and creating difficulties. He notes in particular Lek Securities – which we also saw on Bloomberg. I believe he said Lek’s name seemed…
Read MoreFCIC – Financial Crisis Inquiry Commission – Snippets
FCIC – Snippets 2008 0916 (9pm) – FCIC – KKR – Email from Tagar Olson Regarding AIG – 5p If you assume that the economic losses against the CDS book (estimated by Blackrock at $11-$18bn) and other under-reserved amounts/ questionable assets (the great unknown) are less than the value of their core insurance and other…
Read MoreCarolyn Maloney
Carolyn Maloney Carolyn Maloney 1993-2023 – US Congress Chair of the Joint Economic Committee (JEC) – October 28, 2009 2009 1120 – Letter – NAIC to GOV (Carolyn B. Maloney, Chair Joint Economic Committee) – 1p We are writing to correct a misstatement by Treasury Secretary Timothy Geithner at the Joint Economic Committee’s November 19,…
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