ICT magazine

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...

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 ...

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 ...

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...

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...

Emailed to me by a contact in Congress. November 18, 2009 ...

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 ...

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...

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 -...

If people turn to Kindles and iPods, rather than showing off what books they're reading or what albums they've collected, what will be the emblems of the high-brow?

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.

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...

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.

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?

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.

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. ...