AIG – Stable Value Funds

AIG – Stable Value Funds

• 2009 1117 – SIGTARP – Factors Affecting Efforts To Limit Payments To AIG Counterparties – 47p
  • p10

• 2014 1002 – Starr International Company, Inc. v. The United States – Case 1:11-cv-00779-TCW – Trial Volume 4 – Baxter – 249p
  • (p153-154) Q. And you’ve mentioned that there was a discussion about some of the systemic issues concerning AIG, and I assume what you mean there is if AIG were to go bankrupt. What were some of those systemic issues that were discussed, to your recollection?

• • 1 A. Yeah. The impact on 401(k) plans. The impact on other, other retirement plans that AIG had wrapped, that was another issue that came up. Stable value funds was another. I think I mentioned I remember a particular reference to teachers retirement plans. And the reason that I remember that is my wife is a New York City public school teacher, so I would have a much higher authority  to account for — account to, rather.
  • 10 Q. Understood.
  • 11 A. And those were the kinds of things I remember. It would have been bad.