Questions
Q: What May Have Happened if AIG had Gone Bankrupt?
Q: What May Have Happened if AIG had Gone Bankrupt? Davis Polk’s lawyer, Mr. Huebner, testified that it would have been a “very hard landing” for AIG, like cascading champagne glasses where secured creditors are at the top with their glasses filled first, then spilling over to the glasses of other creditors, and finally to…
Read MoreQ: Were the AIG Life Insurance Companies in Trouble?
Were the AIG Life Insurance Companies in Trouble? Mr. Offit asked about the possibility of membership in the Federal Home Loan Bank system, and Mr. Bensinger said that such membership would provide liquidity in the life insurance companies, and the approval process is underway in Texas. MINUTES OF A MEETING OF DIRECTORS – AMERICAN INTERNATIONAL…
Read MoreQ: Who Was Responsible for the Actions of AIGFP?
Q: Who Was Responsible for the Actions of AIGFP? Andrew Forster – Alan Frost Others – Andrew Forster Joseph Cassano – 2010 0630 – FCIC Hearing – AIG Inc. Credit Risk Committee Kevin Mcginn – FCIC Interview – Cassano
Read MoreQ: How Much Was Gary Gorton Involved With The AIGFP MultiSector CDS Business?
Q: How Involved Was Gary Gorton With The AIGFP MultiSector CDS Business? Joe Cassano – FCIC Interview (mp3) – Involved Alan Frost – FCIC Interview (mp3) – Involved Andrew Forster – FCIC Interview (mp3) – Involved Gary Gorton – FCIC Interview (mp3) – Not Involved 2002-2006 Gene Parks – FCIC Interview (mp3) – Not Involved …
Read MoreQ: Did Companies Buy Insurance On AIG From AIG?
Q: Did Companies Buy Insurance On AIG From AIG? FCIC Interview – MP3 – Alan Frost? FCIC Interview – MP3 – Michael Burry / Dixie Noonan In addition, many banks have purchased credit protection from AIG on CDS contracts that AIG had written to protect the banks against losses on super-senior asset backed security (ABS)…
Read MoreQ: Was The Securities Lending A Cause of AIG Problems?
Q: Was The Securities Lending A Cause of AIG Problems? 2020 03 – Yale – YPFS – The Rescue of American International Group, Module B: The Securities Borrowing Facility – 18p At some points, AIG accepted collateralization levels as low as 80% (from Credit Suisse) and 73% (from Barclays)7 (Hutchings 2010). As markets roiled throughout…
Read MoreQ: Were AIGFP and AIG Securities Lending Connected?
Q: AIGFP and AIG Securities Lending – Connected? Q: Who At AIG Was Responsible for Securities Lending? Outside of the holding co., the insurance subs have about $68B in securities lending liabilities to the 12 largest firms. Program is managed by the holding company (AIG Financial Products). 2008 0912 – FCIC – 2008-09-12 Alejandro LaTorre…
Read MoreQ: FSOC – Are Companies Told Why They are Designated SIFIs?
Q: FSOC – Are Companies Told Why They are Designated SIFIs? GOV – Gary Hughes (ACLI) Woodall ….FSOC says, ‘‘You are systemically dangerous,’’ and a natural question is: Why? The FSOC should have to state why they are dangerous and then be able to turn to their primary regulator and say, ‘‘Can you take care…
Read MoreQ: Who Can Call Themselves an Actuary?
Q: Who Can Call Themselves an Actuary? Quoting Humpty-Dumpty, “When I use a word it means just what I choose it to mean,” the speaker predicted that the day is passing when the word “actuary” can be used by anybody to mean whatever that person chooses it to mean. Those who apply the word “actuary”…
Read MoreQ: Did LSW Lie to State Regulators – Walker vs. LSW
Did LSW Lie to State Regulators? – Walker v LSW Document 335 Filed 09/24/12 Page 50 of 68
Read More