AIG – Securities Lending – Building Up Cash

  • The Texas regulator grew concerned about the exposure in 2007.
    • At the time, AIG told Texas it recognized that it needed to retain more cash, Mr. Slape said.

2008 1008 – WSJ – AIG Increases Borrowings While Racing to Sell Assets – [link]

  • AIG – Mark Hutchings – FCIC Interview mp3
  • Regulators
  • Elsewhere the 2007 10-K represented: 
    • During 2007 AIG took steps to enhance the liquidity of its portfolios including increasing the liquidity of the collateral invested in the securities lending program.

Document 95 – Complaint – Case 1:08-cv-04772-LTS Filed 05/19/2009 – 307p

American International Group, Inc. 2008 Securities Litigation