Archive for March 2022
SunAmerica
SunAmerica Eli Broad Formerly called SunLife – Purchased in 1971 AIG – SunAmerica Arizona Domicile dba Anchor National Life Insurance Company Wikipedia – Eli Broad homebuilding – Kaufman and Broad Home Corporation (now KB Home) Start – 1956 Went Public – 1961 In 1971, Broad acquired Sun Life Insurance Company of America, a family-owned insurance…
Read MoreDots – Documents
Dots – Documents Legal Case – Blumenthal v New York Life – 82-1 – Defendant Expert Witness Report – Dynamic Coverage Period Grid – p13 – 1p 2008 0916 – AIG Board of Directors Minutes 9/16/2008 – 24p 2014 – Mercatus / American Banker – AIG’s Collapse: The Part Nobody Likes to Talk About, Hester Peirce – [link] p119-120, 2017…
Read MorePolitical Will
Political Will In other words, when you think about, if I just sat there and said, “You know what? I think this is an unlicensed monoline, governor. Let’s go and fix this,” they would have … It was the most profitable part of AIG. The stock was at 100 or whatever. It wasn’t until the…
Read MoreDots – To Do
Dots – ToDo Government Hearings 198x-GOV- Agent / Belth / Pyramid 1988-GOV- LIRP/ Single Premium 199x-GOV-Executive Life- Illinois Woman, Sigerson 199x-GOV-Communication between Regulators 199x-GOV – Eden / Nolgha 2008? – GOV – Ackerman/SEC/Madoff 2010 0127 – GOV – Kanjorski / Paulson 2017-GOV-Arbitrar – Ross/ GOV-Duffy / Schwartz Judges Johnston x2 v Conseco – Who made…
Read MoreAIG – Life Insurance Companies Value
AIG – Life Insurance Companies Value (p127) – However, state insurance regulators would have to approve the sale of insurance subsidiaries domiciled within their state under state insurance laws, and as discussed in the next section, it would be difficult to get value if there had been a “run” on the insurance subsidiaries as a…
Read MoreAIG – Can’t Say
AIG – Can’t Say 2021 – YPFS Lessons Learned Oral History Project: An Interview with Eric Dinallo – 19p (p17-18) – Eric Dinallo: Geithner asked about, because they’re seriously considering, giving serious thought about a debtor in possession—DIP—thing for AIG. He’s like, “What do you think?” I’m like, “It’s a horrible idea.” He said, “Why? I said,…
Read MoreAIG – Securities Lending – Dinallo
AIG – Securities Lending – Dinallo 2008 1007 – GOV (House) – The Causes and Effects of the AIG Bailout- AIG Bailout Oversight Hearing – [PDF-171p, VIDEO-CSPAN] 2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation – (CSPAN) Government Intervention and Regulation of AIG – [PDF-72p, …
Read MoreAIG – Reasons for Bailout
AIG – Reasons for Bailout (p2) – Edolphus Towns (D-NY): As we sit here a year and a half later, after AIG handed out billions in taxpayer dollars, because of this secrecy, we still don’t know why or how the decision to rescue AIG was made… 2010 0127 – GOV (House) – The Federal Bailout…
Read MoreDinallo – List
Dinallo – List 2008 0214 – GOV (House) – The State of the Bond Insurance Industry – [BonkNote] [PDF-473p] VIDEO – Part 1 – archive.org VIDEO – Part 2 – archive.org archives-financialservices.house.gov/hearing110/ht021408.shtml Testimony Paul Kanjorski – (D-PA) Eric Dinallo – NYSID Spitzer – New York Governor Bill Ackman 2008 0416 – GOV – Examining Proposals on Insurance…
Read MoreAIG – Bailout
AIG – Bailout (p54-55) – Michael R. TURNER. (R-OH): Let me tell you one of the answers that troubled me about the issue in your written testimony of the team concluded AIG’s failure would be catastrophic. You go on to talk about the insurance arms of AIG. Now, this is not the first hearing that…
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