AIG – RMBS – Residential Mortgage Backed Securities

²⁰AIG told us that at the time the investments were made, however, RMBS were not seen as more risky than other investments, as RMBS were highly rated and highly liquid. (p13)

2011 09 - GAO - Review of Federal Reserve System Financial Assistance to American International Group, Inc - 152p

Win Neuger (American International Group - EVP, Chief Investment Officer)

I'd now like to turn it over to Richard Scott, Senior Vice President for Investment and Head of Fixed Income as well as the Chief Investment Officer for the Insurance Company portfolios. Richard?

Richard Scott - (American International Group - SVP - Investments)

Craig Mitchell who is sitting next to her is the primary Portfolio Manager responsible for the U.S. Insurance Operations.
Jason D'Angelo who is sitting next to him, Andy Parower and Joseph Philips are all analysts in our MBS area and are here to help with whatever questions we may have in a greater degree of detail. They are part of a team of 16 professionals we have dedicated to the RMBS space.

2007 1205 - Conference Call FINAL TRANSCRIPT - AIG - American International Group Investor Meeting Event Date/Time: Dec. 05. 2007 / 8:30AM ET

AIG has approximately $93 billion of mostly AAA and agency RMBS investments, about 10% of its total investment portfolio, which makes up the vast bulk of the exposure to the U S. residential housing market.
......
Due to our financial strength, we have the ability and intent to hold these securities to recovery, thereby minimizing liquidity-driven economic losses, even though further GAAP changes in valuation that affect net income in AOCI are possible.

-- Martin Sullivan (AIG)

2007 1205 - Conference Call FINAL TRANSCRIPT - AIG - American International Group Investor Meeting Event Date/Time: Dec. 05. 2007 / 8:30AM ET