2008 Crisis
Ben Bernanke
Ben Bernanke 1996-2002 – Princeton – Professor / Chair 2002-2005 – Member – Board of Governors of the Federal Reserve System 2006-2014 – Chair – Federal Reserve (14th) (p19) – Ben BERNANKE. I think if there is a single episode in this entire 18 months that has made me more angry, I cannot think of…
Read MoreHank Paulson
Hank Paulson 1970-1972 – Staff Assistant to the Assistant Secretary of Defense at The Pentagon[13-wikipedia] 1972-1973 – assistant to John Ehrlichman, White House Domestic Affairs Advisor for President Nixon 1974-2006 – Goldman Sachs 2006-2009 – Secretary of the Treasury, July 10, 2006 – January 20, 2009 2008 03 – DOTT- Blueprint for Modernized Financial Regulatory Structure,…
Read MoreResolution Authority
Resolution Authority Fed Window Richard Scott, FCIC MP3 Interview 2014 04 – Book – Modernizing Insurance Regulation – John H. Biggs, Matthew P. Richardson – 304p 2020 0825 – FSB – Key Attributes Assessment Methodology for the Insurance Sector – 72p NAIC GUARANTY FUNDS NAIC Insurer Receivership Model Act The lack of an appropriate regulatory…
Read MoreTim Geithner
Tim Geithner 2003-2009 – President of the Federal Reserve Bank of New York 2009-2013 – US Secretary of the Treasury 2014-Current – president and chairman of Warburg Pincus, a private equity firm New York Fed Treasury COP FCIC GOV fraser.stlouisfed.org/author/geithner-timothy-f FCIC – Geithner – Finding Aid 2014 – Book – Stress Test: Reflections on Financial Crises, by…
Read MoreAIG – OTS – Office of Thrift Supervision
AIG – OTS OTS – Office of Thrift Supervision Michael Finn Joseph Gonzales, the examiner in charge from April 2004 to November 2006, told FCIC staff, “I overheard one employee saying that Joe Cassano felt that [the OTS was] overreaching our scope by going into FP.”66 (p351) 2011 01 – FCIC – Final Report of…
Read MoreSecurities Lending – FRB
FRB – Securities Lending On October 6, 2008, all five Board members voted to authorize the New York Reserve Bank to lend up to $37.8 billion to AIG secured by the investment grade debt securities previously lent by AIG’s insurance subsidiary to third parties (the Securities Lending Facility). (p The proceeds of the loan allowed…
Read MoreAIG – Lawsuits
AIG – Legal Cases American International Group, Inc. 2008 Securities Litigation Starr International Company Transatlantic Holdings vs American International Group Securities Lending sec.gov/Archives/edgar/data/5272/000104746913001390/R27.htm 2022 – LC – In re: AIG FINANCIAL PRODUCTS CORP Case 22-11309 Doc 2 Filed 12/14/22 Page 1 of 62 DECLARATION OF WILLIAM C. KOSTUROS, CHIEF RESTRUCTURING OFFICER OF THE DEBTOR, IN…
Read MoreDixie Noonan
Dixie Noonan 2010 0330 – FCIC staff audiotape of interview with Patrick Parkinson, Federal Reserve Board (Interview 1) [Andrew] Forster Gene Park 2010 0513 – D Noonan ltr to B Rohde re Park Interview_1.pdf [Robert] Lewis [Pierre] Micottis Eric Dinallo Background Information Hank Greenberg 2010 0622 – FCIC staff audiotape of interview with Mark Hutchings,…
Read MoreKevin McCarty
Kevin McCarty Former Florida Office of Insurance Regulation 2012 President of the National Association of Insurance Commissioners 2014, the NAIC formed the ComFrame Development and Analysis (G) Working Group (CDAWG) – Kevin McCarty (FL) 2015?? – GOV – Pay for Play, IAIS, NAIC reference. Serial No. 110-140 (House Hearing) – Long-Term Care Insurance: Are Consumers…
Read MoreAmbac – American Municipal Bond Assurance Corporation
Ambac – American Municipal Bonds Corp. Ambac – American Mutual Bond Assurance Company 2008 Financial Crisis Kim Shaul – FCIC – Interview Surplus Notes Settlements with Banks ambacpolicyholders.com/ Legal Cases ambacpolicyholders.com/ 17 Ambac filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code on 8 November 2010 2011 11 – IAIS – Insurance and…
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