2008 Crisis
AIG – Causes of Collapse
AIG – Causes of Collapse AIGFP CDS Communication Failures GICs / GIAs – Guaranteed Investment Contracts, Lack of Capital to back up Obligations Management Failures Mortgage Backed Securities Rating Downgrades Regulation OTS States Repos Risk Management Failures Securities Lending June COP Report COP Hearing – Silvers / Millstein Lloyd C. Blankfein, Chairman and CEO, The…
Read More2008 Financial Crisis – YPFS – Lessons Learned
2008 Financial Crisis – YPFS – Lessons Learned YPFS Lessons Learned Oral History Project – [link] One important lesson of the recent crisis is that as financial products and services proliferate and become more complex, they often fall through the regulatory cracks. (p16) — Testimony of Ann Yerger, Executive Director – Council of Institutional Investors -…
Read MoreRichard Shelby
Richard Shelby Richard Shelby (R-AL) 1986-1994 – US Senator (Democrat) 1994-2023 – US Senator (Republican) Military AIG Dodd-Frank 2010 0813 – Letter – Senator Richard Shelby (R-AL) to Chris Dodd (D-CT) – 1p Recent press reports have raised concerns…. Because the regulation of insurance falls under the Banking Committee’s jurisdiction, it is the Committee’s obligation…
Read MoreQ: AIG – Where Did The Money Go?
Q: AIG – Where Did The Money Go? Q: AIG – Where Did the Money Go? – Securities Lending 2009 0315 – AIG Press Release – AIG Discloses Counterparties To CDS, GIA And Securities Lending Transactions – 6p Hank Greenberg (Former AIG CEO) – FCIC Interview – mp3 <78B?> She explained that most of the money drawn from…
Read More2008 Financial Crisis – Contagion
Contagion – 2008 From: “Habayeb, Elias” Sent: 09/16/2008 07:16 AM To: Alejandro LaTorre Cc: “Frenkel, Dr. Jacob A.” <[email protected] > Subject: FX Settlement Failures Alex, It seems that Barclays, JPM and Deutsche Bank are holding back on the amounts they owe us under FX transactions. If this continues, the amounts are in the billions. This…
Read More2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy – Paul Kanjorski (D-PA)
2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy 2009 0318 – GOV (House) – American International Group’s Impact on the Global Economy – Paul Kanjorski (D-PA) — [BonkNote] [PDF-380p, [VIDEO-CSPAN-Ed Liddy-AIG-CEO] Edward Libby testified about operations and business practices at American International Group (AIG) before, during, and after federal…
Read MoreAIG – IntraCompany Lending
AIG – IntraCompany Lending 2007 0611 – OTS – Office of Thrift Supervison Holding Company Report Of Examination of AIG – 52p p37 – The following table lists AIG’s significant intra-group transactions (IGT) as of March 31, 2007. $6.1 billion in Loans: From American General Life Insurance Co to AIG Financial Products Corp Richard Scott – FCIC…
Read More2008 Financial Crisis – Congress – September
2008 September – Congress 2008 0924 – GOV – Federal Financial Market Rescue Plan, Part 1 – [PDF-p, CSPAN] 2008 0924 – GOV – Federal Financial Market Rescue Plan, Part 2- [PDF-p, CSPAN] Paulson, Bernanke
Read MoreRepos
Repos 48 A repo facility is one in which the debtor pledges certain securities (“repoable assets”) in exchange for access to a line of liquidity. See Schreiber: Trial Tr. 6584:19 – 6585:3. (p220) Starr International Company, Inc. v. The United States – Case 1:11-cv-00779-TCW – Document 428 – PLAINTIFFS’ PROPOSED FINDINGS OF FACT – 573p FCIC…
Read MoreFCIC – Finding Aid – Geithner
Geithner – FCIC Finding Aid 115 results p198 – 57,332 10-01-11 Bloomberg – Geithner rejects Goldman Sachs Assertion It Didn’t Need U.S. Help_1.pdf p214 – Directory of I:\FCIC_draft\Comm. Work Space\R&I Plans\Shadow Banking\Hearing 4\Hearing Background Materials\IV. Secretary Timothy Geithner 1. Secretary Geithner Biography 2. Transcripts or “Memoranda for the Record” (MFR) 3. Significant Speeches and Testimony…
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