2008 Crisis
Financial Guarantors
Financial Guarantors The greatest losses would be experienced by big CDO arrangers such as Citigroup, Merrill Lynch, and UBS, and by financial guarantors such as AIG, Ambac, and MBIA. 2011 01 – FCIC – Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States – 663p http://fgic.com/policyholderinfocenter/rehabdocs/docs/7_Assured.pdf 2021…
Read MoreJoe Cassano
Joe Cassano AIGFP SEC DOJ New York Attorney General’s office 2010 0722 – WSJ – A Set of Scribbled Notes Helped Scuttle AIG Probe, By Thomas Catan And Amir Efrati – [link] AIG – People – FCIC Interviews – mp3s Steve Benzinger – {Negative Basis – Cassano told us, we just didn’t know what it meant}…
Read More2008 Financial Crisis – International
2008 – Financial Crisis – International 2008 – OECD – Impact of the Financial Turmoil – 25p Company Investments, Increased Surrenders 2009 – OECD – Insurance Companies and the Financial Crisis, Sebastian Schich – 31p 2009 0623 – UK House of Commons – US Congressional debates on the financial crisis: key players, policy and future regulation, Research Paper 09/58 – 57p
Read More2018 1120 – YPFS – Lessons Learned Oral History Project Interview: Thomas Baxter – 19p
2018 1120 – YPFS – Lessons Learned Oral History Project Interview: Thomas Baxter – 19p 2018 1120 – YPFS – Lessons Learned Oral History Project Interview: Thomas Baxter — [BonkNote] — 19p (p17) – YPFS: Since AIG is an insurance company, what was the role of the insurance regulators and their interaction with the Fed during this time? Baxter:…
Read MoreBagehot
Bagehot YPFS: If someone else held your position in a future crisis, what are a couple lessons that you learned through this crisis or things you wish you had at the time that others should be aware of? Baxter: I believe in the classic Bagehot dictum, that in a financial crisis you should lend freely,…
Read MoreThomas Baxter
Thomas Baxter 2018 1120 – Lessons Learned Oral History Project Interview: Thomas Baxter – 19p YPFS: Since AIG is an insurance company, what was the role of the insurance regulators and their interaction with the Fed during this time? Baxter: The insurance commissioners really didn’t help the rescue of AIG, but they didn’t harm it…
Read More2008 Financial Crisis – Insurance Regulation Was Not The Problem
2008 – Insurance Regulation Was Not The Problem Dinallo Vaughan Frank State insurance regulation was not a factor in the economic downturn and should not be swept into any proposed financial services overhaul. 2009 0402 – Letter – NCOIL to GOV (Senators Dodd, Frank, Shelby, Bachus) – 2p
Read More2008 Financial Crisis – Books
2008 Financial Crisis – Books 2009 – Book – Fool’s Gold, by Gilliam Tett JP Morgan, Jamie Dimon, Credit Derivatives, Shadow Banking, Housing 2009 – Book – House of Cards, by William Cohan Bear Stearns 2009 – Book – Too Big to Fail, by Andrew Ross Sorkin Kindle – Notes Texas Insurance Commissioner, Jamie Dimon…
Read More2008 – Top 10
2008 – Top 10 FCIC Interviews – mp3 2010-04-21 FCIC staff audiotape of interview with Gary Witt, Moody’s Investors Service.mp3 2010-05-19 FCIC staff audiotape of interview with Martin Mayer, Brookings Institution.mp3 2010-06-19 FCIC staff audiotape of interview with Scott Polakoff, Office of Thrift Supervision.mp3 2010-06-22 FCIC staff audiotape of interview with Mark Hutchings, American International…
Read MoreMBIA – Municipal Bond Insurance Association
MBIA – Municipal Bond Insurance Association mbia.com/ fka Municipal Bond Insurance Association LaCrosse Financial Products LLC – affiliate National Public Finance Guarantee (NPFG) – nationalpfg.com/html/index.aspx Bond Insurers Financial Gurantors Monolines MBIA and its predecessor the Municipal Bond Insurance Association, when we were a joint underwriting association, have now insured over 10,000 bond and note issues…
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