2008 Crisis
Financial Guarantee Insurance
Financial Guarantee Insurance Monolines Bond Insurers FRB – Federal Reserve Board NAIC – Financial Guarantee Study Group Model Financial Guarantee Insurance Act SEC – Securities and Exchange Commission The financial meltdown that began in 2007 revealed problems with financial guarantee insurers and regulation of these insurers. 2011 – JIR / NAIC – Financial Guarantee Insurance…
Read MoreChris Dodd
Chris Dodd 1975-1981 – US House (D-CT) 1981-2011 – US Senator (D-CT) Dodd-Frank Act 2009 0305 – GOV (Senate) – American International Group: Examining What Went Wrong, Government Intervention, And Implications for Future Regulation, (CSPAN) Government Intervention and Regulation of AIG, Chris Dodd (D-CT) — [BonkNote] (p33) – Chairman DODD. And again, looking at the…
Read MoreSenate – Banking Committee – Turmoil in US Credit Markets
Turmoil in U.S. Credit Markets – Senate – Banking Committee govinfo.org – [link] cspan Senate – Banking Committee
Read MoreBBB to AAA
Turning BBB into AAA 2Q – AIG – Earnings Conference Call – Joseph Cassano 2010 04 – GOV – WALL STREET AND THE FINANCIAL CRISIS: THE ROLE OF INVESTMENT BANKS – Levin govinfo – Volume 4 OF 5 – [pdf-1136p CSPAN – Investment Banks and the Financial Crisis, Directors- R – [link] Fabrice Tourre, Dan…
Read More2008 Financial Crisis – Senate – PSI – Permanent Subcommittee on Investigations – Levin – Coburn
PSI – Permanent Subcommittee on Investigations – 2008 Financial Crisis – Levin – Coburn – Senate Senator Carl Levin (D-MI) Senator Tom Coburn (R-OK) PSI – Permanent Subcommittee on Investigations – Financial Crisis Report – Senate R-2011 0423 – Carl Levin (D-MI) / Tom Coburn (R-OK) – CSPAN – [CSPAN-link] 2011 0413 – Wall Street…
Read More2008 Financial Crisis – Investigations
2008 Financial Crisis – Investigations COP – Congressional Oversight Panel FCIC – Financial Crisis Inquiry Commission Senate – Permanent Subcommittee on Investigations SIGTARP – Special Inspector General for TARP
Read More2008 Financial Crisis – Systemic Risk
Systemic Risk – 2008 Financial Crisis Precrisis, there was a longstanding assumption that banks were the only types of financial companies that could pose systemic risk. As you noted, during the crisis that was proved un-true. Investment banks, insurance companies, other nonbanks precipitated the economic collapse. (p10-11) –Jeremy C. Kress, Assistant Professor of Business Law,…
Read MoreSarah Dahlgren
Sarah Dahlgren She explained that most of the money drawn from the facility went to securities lending counterparties. Dixie asked how much money was drawn from the facility between September 16 and November 10 when the Maiden Lane transactions were announced. Ms. Dahlgren said “north of $60 billion, but I’d have to verify that. (p2)…
Read More2008 Financial Crisis – Causes
2008 Financial Crisis – Causes AIG AIGFP Securities Lending / Repos GICs Risk Management Generally CDS, CDOs Derivatives Fear / Greed GLBA – Gramm–Leach–Bliley – Repeal of Leverage Mark to Market Accounting Monolines MBIA, AMBAC Mortgages Origination Subprime Rating Agencies Moody’s, Fitch, Standard and Poors Real Estate RMBS CMBS Regulation OTS State Insurance Regulators SEC…
Read MoreStable Value
Stable Value Prior to the Executive Life Insurance Company (ELIC) default there was no such thing as a stable value fund… — Murray L. Becker 1999 – SOA -Insurance Company Failures of the Early 1990s-Have We Learned Anything?, Society of Actuaries – 25p stablevalue.org/wp-content/uploads/Stable_Times_Volume_3_Issue_2.pdf 2011 – SEC-CFTC Stable Value Contract Study – Study of Stable…
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