American International Group vs Transatlantic Holdings 2010 0629 – LC – American International Group vs Transatlantic Holdings – Affirmation of Anthony J. Albanese in Support of American International Group, Inc.’s Verified Petition and Application for Temporary Restraining Order – 116p Transatlantic Holdings, Inc., et al. v. American International Group, Inc., et al., American Arbitration Association…

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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,…

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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 -…

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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…

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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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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 -…

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FCIC – Testimony 2010 0113 – Mark Zandi (Moody’s) – Written Testimony – Before the FCIC on The Causes and Current State of the Financial Crisis – 17p 2010 0114 – FDIC FCIC – Sheila Bair, FDIC – 54p   2010 0407 – FRB FCIC – Alan Greenspan, Former Chair of the Federal Reserve and Private…

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CSPAN – Requests 2021 0919 2008 1021 – Financial Markets Oversight and Regulation – mp4 2008 1015 – GOV –  Hearing to Review the Role of Credit Derivatives in the U.S. Economy [PDF-259p, VIDEO-CSPAN- Request 09192021] – <mp3, mp4>  Tom Harkin (IA), Eric Dinallo (NYSID) x – OCTOBER 23, 2008 – Regulatory Response to the…

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AIG – Securities Lending – Insurance Regulators Q: Did Insurance Regulators tell AIG to Wind-Down their Securities Lending Business? (18) – Baxter: When you look at what happened with AIG’s securities borrowing program, in a nutshell, AIG’s insurance companies held Treasury securities, which they lent out for cash. Then they used that cash to buy…

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