2008 Crisis

Gene Park AIG-FP FCIC Interview “Confidential Witness” Eugene Park, aka Gene Park – AIG – American International Group, Inc. 2008 Securities Litigation – 61. In further connection with the CWs referred to in the Complaint, Lead Plaintiff had earlier provided AIG’s counsel with the identity of one of the CWs that Lead Plaintiff had noticed…

Gorton Model AIGFP Gary Gorton 2010 0701 – FCIC – Hearing – 2008 Financial Crisis and Derivatives, Day 2 – [PDF-313p] Executives Panel – [VIDEO-CSPAN] AIG and Goldman Sachs Executives AIG: Bensinger, Forster, Habayeb 2010 0701 – FCIC – Hearing – Testimony of Andrew Forster Before the Financial Crisis Inquiry Commission (FCIC) – 4p Gene Parks…

Q: How Involved Was Gary Gorton With The AIGFP MultiSector CDS Business? Joe Cassano – FCIC Interview (mp3) – Involved Alan Frost – FCIC Interview (mp3) – Involved Andrew Forster – FCIC Interview (mp3) – Involved Gary Gorton – FCIC Interview (mp3) – Not Involved 2002-2006 Gene Parks – FCIC Interview (mp3) – Not Involved …

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,…

Q: AIG – Collateral Call Provisions – Was it Known About / Common? Market Value Ratings Downgrades 2010 0630 – 2008 Financial Crisis and Derivatives, Day 1, AIG Executives – CSPAN-Video Cassano, Lewis, Sullivan Collateral call provisions – Market Value Yes – Cassano, Frost, Forster, Sun, ?? -market value vs ratings – Greenberg (GOV Hearing / FCIC…

Cybercemetery digital.library.unt.edu/explore/collections/GDCC/ [Bonk: Some documents can’t be opened in Google Chrome, but can be opened in Firefox] 2008 0915 – Email followup to FRBNY Staff discussion from 9-15 am – 1p Dobbeck, Liebers, Charlton – Life Insurance Subs Implications cybercemetery.unt.edu/archive/cop/20110402041024/http://cop.senate.gov/documents/frbny-documents.pdf – [Bonk: Open in FireFox, doesn’t open in Google] wsj.com/public/resources/documents/WSJ_Systemic_Risk_of_AIG_Bankruptcy20080916.pdf COP June Report COP June…

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)…

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…

Countrywide LC – In re Countrywide Financial Corp. Mortgage-Backed Securities Litigation Court: United States District Court, C.D. California 943 F. Supp. 2d 1035 (C.D. Cal. 2013) Date published: May 6, 2013 cwrmbssettlement.com/docs.php

2009 1231 – Examination Report of AGC Life Insurance Company – Missouri 2009 1231 – Missouri – Examination Report of AIG – AGC Life Insurance Company — [BonkNote] — 25p Filed 2011 0520 The current full scope financial examination covers the period from January l, 2007, through December 31, 2009 John Huff, Commissioner (p2/6) – AGC…

Gene Park

Gorton Model

Q: How Much Was Gary Gorton Involved With The AIGFP MultiSector CDS Business?

2008 Financial Crisis – Systemic Risk

Q: AIGFP – Collateral Call Provisions – Was it Known About / Common?

CyberCemetery

Sarah Dahlgren

2008 Financial Crisis – Causes

Countrywide

2009 1231 – Missouri – Examination Report of AGC Life Insurance Company – AIG