Mark Hutchings

Mark Hutchings – AIG

• 2010-06-22 FCIC staff audiotape of interview with Mark Hutchings, American International Group, Inc.mp3
  • UK Investments <->AIGFP?>
  • {Wasn’t told to wind down Securities Lending, He was still Lending as of September 2008}
  • {9x Billion at peak}
  • {held over a barrel, losing money both ways}
  • Ponzi
  • AIG – Matched Investment Program – (MIP)

• [Connect with: Missing Piece]
• 2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy – 337p
  • These subsidiaries entered into securities lending agreements with an affiliated lending agent (AIG Securities Lending Corp.) that authorized the agent to lend their securities to a list of authorized borrowers (primarily major banks and brokerage firms) on their behalf or for their benefit.