AIG – PDCF – Primary Dealer Credit Facility

AIG – PDCF – Primary Dealer Credit Facility

• 11.2 Access to the PDCF Would Have Mitigated AIG’s Liquidity Needs.
  • 11.2.2 AIG’s parent and insurance companies could have obtained over $70 billion in liquidity if Defendant had granted them access to the PDCF.
  • (a) If Defendant had allowed the AIG parent company to access the PDCF, the parent company could have obtained $12.6 billion in liquidity. (Cragg: Trial Tr. 5073:7-13; PTX 5355 (Cragg demonstrative)).
  • (b) If Defendant had allowed AIG’s domestic life insurance companies that participated in the securities lending program to access the PDCF, they could have obtained $58.5 billion above the amount needed to cover the demands of the securities lending program. (Cragg: Trial Tr. 5073:7 – 5074:6; PTX 5354; PTX 5355).

Starr International Company, Inc. v. The United States – Case 1:11-cv-00779 – Document 428 – Plaintiff’s Proposed Findings of  Fact – 573p