October 2022 – Page 8

2008 Financial Crisis – Books 2009 – Book – Fool’s Gold, by Gilliam Tett JP Morgan, Jamie Dimon, Credit Derivatives, Shadow Banking, Housing 2009 – Book – House of Cards, by William Cohan Bear Stearns 2009 – Book – Too Big to Fail, by Andrew Ross Sorkin Kindle – Notes Texas Insurance Commissioner, Jamie Dimon…

Banks – Government Hearings 1988 0707 and 0803 – GOV (Houe) – Condition of the federal deposit insurance funds House – Committee on Banking, Finance, and Urban Affairs 1991 0411 – GOV (House) – Condition and recapitalization of the Bank Insurance Fund House – Committee on Banking, Finance, and Urban Affairs 1993 0127 – GOV…

Cash Flow The cash flows of a policy are defined by the Society for this purpose as “the actual transfer of funds between the policyholder and the insurance company in either direction, and includes premiums, dividends, cash values and death benefits.” Actuaries Report, supra n. 33, at 6. So what I am saying is that…

Fraud NAIC – Anti-Fraud (EX6) Subcommittee Fraudsters The fact that we charge people fees that we have disclosed and that fees reduce the value of your policy, and if your policy keeps reducing in value, it will lapse, is not a fraud. That’s common sense. That’s how life insurance works. (p171) — Closing Argument by…

Dots – Policy Mechanics (p171) – The fact that we charge people fees that we have disclosed and that fees reduce the value of your policy, and if your policy keeps reducing in value, it will lapse, is not a fraud. That’s common sense. That’s how life insurance works. 2014 0425 – DOC 813 – Trial…

2008 – Top 10 FCIC Interviews – mp3 2010-04-21 FCIC staff audiotape of interview with Gary Witt, Moody’s Investors Service.mp3 2010-05-19 FCIC staff audiotape of interview with Martin Mayer, Brookings Institution.mp3 2010-06-19 FCIC staff audiotape of interview with Scott Polakoff, Office of Thrift Supervision.mp3 2010-06-22 FCIC staff audiotape of interview with Mark Hutchings, American International…

Surplus Relief We have developed model regulations dealing with surplus relief, and we tried to close those loopholes so that the balance sheets are in fact truly stated, perhaps not misleading, but truly stated. — John F. Gies (Chief Life/Health Actuary of the Connecticut Insurance Department) 1999 – SOA – Insurance Company Failures of the Early…

FABN – Funding Agreement-Backed Note FABCP – funding agreement–backed commercial paper The use of institutional funding agreements by U.S. life insurers emerged as a response to long-run macroeconomic and regulatory changes that affected the industry. (p13) 2015 – FRB – Self-Fulfilling Runs: Evidence from the US Life Insurance Industry – 52p 2008 0807 – Moody’s – Global…

Standard and Poor’s Rating Agencies 2008 Mark Adelson 2010-10-22 FCIC staff audiotape of interview with Mark Adelson, Standard & Poor’s.mp3 Henry Alblescu 2010-05-14 FCIC staff audiotape of interview with Henry Alblescu, Standard & Poor’s.mp3

Michael Lewis michaellewiswrites.com/// The Big Short 2009 08 – Vanity Fair – The Man Who Crashed the World, [re: Joe Cassano] by Michael Lewis – [link] 16p – haraldhau.com/The_Man_Who_Crashed_the_World.pdf 2010 0304 – FCIC – Notes from Michael Lewis Interview on the topic of the Origins of CDOs markets in Nonbanks – 1p 2010-10-13 FCIC staff audiotape…