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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
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