companies-other

Bankassurance 21 There are various definitions of bankassurance. By focusing on production, a bankassurer can be defined as a financial group or conglomerate that includes both bank credit origination and insurance underwriting. But bankassurance can be limited to distribution agreements only in which a bank merely distributes third-party insurance products in a contractual agreement with…

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…

Failures What companies are we talking about when we say companies on the edge? So that we’ll all be on the same plane, I’ve grouped some of the more well-known companies as follows: APPROACHING THE EDGE: Fidelity Mutual?, Mutual of New York?, and Travelers? AT THE EDGE: First Capital, Monarch Life, and Mutual Benefit. OVER…

SLHC – Savings and Loan Holding Company Northwestern Mutual seeks to deregister based on the representation that its subsidiary federal savings association, Northwestern Mutual Wealth Management Company (“NM Wealth”), Milwaukee, qualifies as a trust-only company pursuant to section 2(c)(2)(D) of the Bank Holding Company Act (“BHC Act”), 12 U.S.C. § 1841(c)(2)(D) federalreserve.gov/supervisionreg/legalinterpretations/bhc_changeincontrol20120926.pdf Massachusetts Mutual Life…

Blackrock BlackRock – Connections with: AIG AllState Resolution Life 2008 1030 – BlackRock – Preliminary Draft for Discussion Purposes – Maiden Lane III, FRBNY AIGCDS00228 – 61p 2009 0518 – NYT – Wall St. Firm Draws Scrutiny as U.S. Adviser, By Eric Lipton and Michael J. de la Merced – [link] 2009 0519 – WSJ – BlackRock…

Charles Hurwitz charles hurwitz wikipedia.org/wiki/Charles_Hurwitz Charles Edwin Hurwitz (born 1940) is an American businessman and financier known for his role in the 1980s savings and loan crisis, and his takeover of Pacific Lumber Company, a logging company active in Humboldt County, California. Executive Life Insurance Company Pacific Lumber Gov Hearings Maxxam – charleshurwitz.com/ Junk Bonds Michael Milken jailhurwitz.com/ Summit…

Enron Kenneth Lay Jeff Skilling Andrew Fastow Sherron Watkins 2002 0201 – Powers Report – 218p To the Members of the Board of Directors Enron Corporation. Enclosed is a copy of the Report of the Special Investigation Committee. 2003 – Enron: The Smartest Guys in the Room, Bethany McLean 2002 0224 – GOV -The Fall…

Savings and Loans The Crisis arose because the Government extended a 100% Guarantee on most Thrift Deposits without taking commensurate measures to prevent unsound banking practices likely to lead to losses. 1990 – AP – The Savings-and-Loan Crisis Causes and Remedies, by Dalton Leonard Anderson – 203p During the past decade, the savings and loan crisis and…

Goldman Sachs 2008 Financial Crisis – Goldman Sachs FCIC File – Valuation & Pricing Related to Initial Collateral Calls on Transactions with AIG – 15p Lloyd C. Blankfein, Chairman and CEO, The Goldman Sachs Group Viniar Sparks Davilman Paulson Legal Case – GOLDMAN SACHS GROUP, INC., ET AL., PETITIONERS v. ARKANSAS TEACHER RETIREMENT SYSTEM, ET…

Lehman Brothers Dick Fuld FCIC – Chronology of Selected Events Related to Lehman Brothers and the Possibility of Government Assistance – 322p 2010 0311 – Lehman Brothers Examiner’s Report: Volume 5, Chapter 11 Case No. 08‐13555, UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK – 683p LEHMAN BROTHERS HOLDINGS INC. – Chapter 11 Case…

Bankassurance

Ambac – American Municipal Bond Assurance Corporation

Failures

SLHC – Savings and Loan Holding Company

Blackrock

Charles Hurwitz – Maxxam

Enron

Savings and Loans

Goldman Sachs

Lehman Brothers