FCIC - Interview - MP3 - Snippets

  • AIG - People - FCIC Interviews - mp3s

  • Steve Benzinger - {Negative Basis - Cassano told us, we just didn't know what it meant}

  • Joe Cassano - {AIGFP was 40 Billion, Where did the rest go?}

  • Gary Gorton - {I wasn't involved with Alan Frost, AIG SSCDS from 2002 on}

  • Hank Greenberg - {2005 downgrade = 1.5 billion Collateral Call for AIGFP}, 

    {AIGFP Should have stopped writing SSCDS in March 2005 when AIG was Downgraded}, {off the Record - AIG is a National Treasure}, 

  • Mark Hutchings - AIG-Securities Lendings

    • Held over a barrel, less than 102 - 73 (Barclays-?)

    • Never told to wind-down 

    • Dixie - How did you know it was going to work that way?

    • Could always lend more, Dixie- Then why didn't you?, we did up to time of Bailout

  • Kevin McGinn - {Didn't know about Collateral Triggers, Ratings Downgrades or Valuation}

  • Gene Parks - {Forster told me about Collateral calls because of Valuation, but I didn't know what it meant.}

  • Richard Scott - AIG

    • never was told to wind-down Securities Lending

    • liked subprime better

    • Technically in charge of AIG-Securities Lending since 2003 / 2004, wasn't really until 2007.

  • Lloyd Blankfein - Goldman Sachs

    • thought the problem was repos, 

    • thought AIGFP had the money, just being stubborn, at least in the fall of 2007

  • Warren Buffet

    • good ideas go bad

    • Regulatory Relief  - 2008, Depression Era

  • 2010 0614 FCIC John H. Neel Foster, FASB

    • Enron, Mark to Market, Fair Value, Goldman Sachs-Did well through 2008 Crisis

  • Arthur Levitt

    • Gullible Public - approx. 1:17:00

  • Cooper Union

    • Part 2 -Regulator Neglect

      • no red flags

      • goes off the record, something about a Bear Stearns guy

  • Harvey Miller - Weil

    • ~~ Greenspan - What would be bad about...

    • ~~ There's no institutional knowledge

    • ~~ Ben Bernanke - I don't know...

  • David Viniar - Goldman Sachs

    • money flowed through AIG Holding Company to Insurance Companies - Easier, cleaner