Posts Tagged ‘aig’

CONGRESSMAN GRAYSON DEMANDS RELEASE OF AIG EMAILS

Friday, March 19, 2010 2:13

Congressman Grayson sent the following letter to AIG's trustee: March 18, 2010 AIG Credit Facility Trust Trustee Peter A. Langerman Trustee Chester B. Feldberg Trustee Jill M. Considine Arnold & Porter LLP 399 Park Avenue New York, N...

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PRUDENTIAL PLC, AIG CEOS MEET ASIA STAFF; TALK AIA FUTURE, JOBS

Thursday, March 4, 2010 10:17

Any job losses from Prudential Plc's (PRU.L) planned US$35.5 billion ($49.7 billion) acquisition of American International Group's (AIG.N) Asian insurance arm will be mainly in back-office operations and not among sales forces, the companies' CEOs told staff in Asia, sources said. Prudential CEO Tidjane Thiam and his AIG counterpart ...

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UK’S PRUDENTIAL CONFIRMS TO BUY AIG ASIA FOR US$35.5B

Monday, March 1, 2010 14:15

Britain’s Prudential (PRU.L) said it would buy AIG’s (AIG.N) Asian life insurance arm for US$35.5 billion ($50 billion), making it the undisputed foreign leader in one of the world’s fastest-growing financial services markets. The acquisition of AIA will be funded by a rights issue of US$21 billion including costs ...

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PRUDENTIAL SAID TO CONSIDER ISSUING OVER 10% OF SHARES TO AIG

Monday, March 1, 2010 5:55

Prudential Plc plans to issue more than 10% of new shares to American International Group Inc. as part of a planned US$35 billion ($49.2 billion) bid for an Asia life unit, said a person familiar with the plan. Read more...

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MAKE AIG’S EMAILS PUBLIC

Wednesday, December 23, 2009 19:43

Call or write your Congressional and Senate representatives and tell them that you're joining the following people in demanding that all of AIG's emails to be made public, so that we can gain insight into what really caused the financial crisis:William...

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SPECIAL INSPECTOR: AIG COUNTERPARTY VOLUNTEERED TO TAKE A HAIRCUT, BUT GEITHNER REFUSED

Monday, November 16, 2009 23:39

I received an advance copy of the Special Inspector General for Tarp's Report called "Factors Affecting Efforts to Limit Payments to AIG Counterparties", which will be released tomorrow (posted below).The report reveals that at least one counterparty ...

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TAVAKOLI ON AIG SWAPS: “THERE’S NO WAY THEY SHOULD HAVE PAID AT PAR. AIG WAS BASICALLY BANKRUPT”, AND GOLDMAN SACHS CFO LIED ABOUT AIG

Tuesday, October 27, 2009 17:35

Derivatives expert Janet Tavakoli made the following comments by email about the Bloomberg article "New York Fed’s Secret Choice to Pay for Swaps Hits Taxpayers": “There’s no way they should have paid at par,” she says. “AIG was basically ban...

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STATES’ PROJECTED BUDGET GAP: $166 BILLION. AIG BAILOUT TO COVER GAMBLING DEBTS: $180 BILLION. PORTION THAT WENT TO FOREIGN BANKS: $40 BILLION.

Friday, July 24, 2009 22:09

Arianna Huffington writes:America's states are facing a projected cumulative budget gap of $166 billion for fiscal 2010. Even more budget gaps are expected for fiscal 2011. Total shortfalls through 2011 are estimated at $350 billion to $370 billion -...

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DIANE FRANCIS: GOLDMAN SACKS AND PLUNDERS

Friday, July 17, 2009 18:50

Goldman Sachs cannot argue that the proceeds it received from the AIG rescue did not constitute an indirect bailout any more than can auto parts makers who are saved by Detroit's bailout.

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DAVID PAUL: THE GREENING OF GOLDMAN SACHS

Thursday, July 16, 2009 13:28

The US economic turnaround may not be complete. The AIG turnaround may not be complete. The GM turnaround may not be complete. But Goldman Sachs...

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PAUL ABRAMS: GEITHNER, CONGRESS, WAKE UP!: BEFORE BONUSES, GOLDMAN SHOULD PAY ME BACK THE $30B LAUNDERED THROUGH AIG

Thursday, July 16, 2009 1:15

Wall Street mythologists are now spinning the yarn that Goldman Sachs paid back the money it took from taxpayers and thus ought to be free to award enormous bonuses to their senior executives.

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LES LEOPOLD: HAPPY DAYS ARE HERE AGAIN! (HERE = WALL STREET)

Tuesday, July 14, 2009 21:42

What did Goldman Sachs actually do that was useful for society, after having helped to drive our economy off a cliff? And why aren't our elected leaders doing something about it?

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MIKE ELK: AIG SHOWS WHY WE NEED THE EMPLOYEE FREE CHOICE ACT

Sunday, July 12, 2009 0:27

Unions, representing the combined interests of everyday Americans, can be a valuable instrument in fighting for the interests of all, not just those at the top.

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AIG IN TALKS WITH U.S. OVER ANOTHER $250 MILLION IN BONUSES

Saturday, July 11, 2009 3:25

American International Group's recent discussions with President Obama's compensation czar have centered on whether the company should pay about $250 million in promised bonuses that come due during the next nine months. ...

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