Dinallo
Starr International Company v. United States – 11-0779
Starr International Company vs United States – 11-0779 Starr International Company, Inc. v. The United States – Case 1:11-cv-00779-TCW 1:2011cv00779 U.S. Court of Federal Claims 11/21/2011 06/17/2015 2015 0215 – NYT – Newly Released Documents Reveals Advice to Fed in A.I.G. Bailout, By Aaron M. Kessler – [link-Paywall Free] In an unusual ruling at the end…
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 More2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel – Documents
2010 0610 – COP – Report – June Oversight Report – Documents 2010 0610 – COP – Report – The AIG Rescue, Its Impact on Markets, and the Government’s Exit Strategy, June Oversight Report, Congressional Oversight Panel — [BonkNote] — 337p x – 95 E-mail from Alejandro LaTorre to Timothy Geithner and other Federal Reserve…
Read MoreQ: Could AIG Have Separated AIGFP from the Insurance Companies?
Q: Could AIG Have Separated AIGFP from the Insurance Companies? 2009 1231 – Examination Report of AIG – AGC Life Insurance Company – Missouri – 25p Hank Greenberg (Former AIG CEO) 2009 0402 – GOV (House – Oversight and Reform) – The Collapse and Federal Rescue of AIG and What It Means for the U.S. -…
Read MoreTransatlantic Holdings v. American International Group
American International Group vs Transatlantic Holdings Transatlantic Holdings, Inc., et al. v. American International Group, Inc., et al., American Arbitration Association Case No. 50 148 T 00376 10: Supreme Court of New York 2010 0629 – LC – American International Group vs Transatlantic Holdings – Affirmation of Anthony J. Albanese in Support of American International…
Read MoreQ: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business?
Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? This regulator said it began discussions with the company about securities lending in 2006. ⇒ AIG told us it was unaware of the regulator’s concerns. (p15) 2011 09 – GAO – Review of Federal Reserve System Financial Assistance to American International Group, Inc…
Read MoreAIG – Ring Fencing Insurance Companies
AIG – Ring Fencing Insurance Companies OTS Report – 7B Life Insurance to AIGFP Dinallo / Governor Kanjorski / Paulson – GOV 2010 01 Regulatory Forbearance 2008-09-13 – FRBNY Email re AIG Update – 1p NYSID: Dinallo outlined the same plan that AIG gave us earlier — ie move muni’s from P&C subs to parent,…
Read MoreAIG – Unwinding
AIG – Unwinding Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? Unwinding in event of bankruptcy is likely to be very messy, because derivatives book is large and complex $2.7 Trillion, largely of very long-term structure products. 2008 0912 – FCIC – FRBNY / AIG Meeting Notes – 2p 2010 -…
Read MoreAIG – 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 More2021 1107
2021 1107 It’s very possible to have a 25-year term with zero cash value, using a UL product. — Lawrence Silkes 1990 – Life Product Development Update, Society of Actuaries – 20p Questions – 2021 11 What is a Supplemental Illustration? (BB, Wicka, Donna Wicka – More Complicated products would need more pages.) – 2018/10/9- LIIIWG -…
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