Sentences with phrase «aig bailout»

I was not in favor of the AIG bailout when it was «just» $ 85 billion, but knowing that AIG has the assets to sell to pay that off, and knowing that the government had taken control of the company, I decided that possibly more brilliant minds than mine really did have a plan.

Read on to learn all about the AIG bailout timeline and then why not make sure you have adequate insurance coverage so that you are protected from needing your own personal bailout?

This infographic takes an in - depth look at the timeline of the massive AIG bailout.

The below graphical AIG bailout timeline gives you all of the AIG bailout details in blazing scandalous glory.

Secretary Geithner changed his view on why the AIG bailout was done.

I met with the SIGTARP staff over the AIG bailout in June of 2010 over a paper that I wrote that exposed aspects of the weakness at the domestic insurance subsidiaries.

Yes, that $ 101,125 sticker price is a bit shocking, but unlike an AIG bailout, you can sense where every cent goes.

percent as much as was spent on the AIG bailout!

Let alone, a trillion in tax breaks over 10 years for the rich, TARP, AIG bailout, and Medicare D, I'd say Obama was a bargain.

Since a brief post-prostitution-bust silence, he's taken to commenting in the media on the financial crisis, skewering Goldman Sachs, the AIG bailout and others in the Washington Post, Slate; appearances on MSNBC; and an interview with our very own Henry Blodget.

Not exact matches

Marks concludes his letter by citing his colleague Jay Wintrob who joined Oaktree from AIG, the insurance firm that famous required a government bailout during the financial crisis.

AIG's near collapse led to the largest government bailout of the crisis.

AIG eventually received $ 182 billion in a government bailout.

We begin with an analysis of the continuing bailout of insurance giant AIG and Monday's stock market selloff; price and debt deflation; the two sectors of the economy; two definitions of «free markets»; the classical economists; revolution from the right and the former Soviet states; the threat of war; IMF / World Bank resurgence; the dollar versus the euro; analogies to Rome, neo-feudalism.

And then there is the matter of allowing the public to assess counterparty risks building up at our insured banks after AIG sold credit protection derivatives (credit default swaps) across Wall Street that it could not pay in the crisis, forcing another massive government bailout.

During his tenure as chairman, Bernanke was acutely aware of the public's deep resentment of the Fed's emergency bailout of financial giants such as AIG as well as policies that inevitably favored the wealthy by spurring the stock market.

If all of this wasn't concerning enough, the very type of derivatives that blew up the giant insurer AIG in 2008 (credit derivatives) are making a big comeback at Citigroup, the recipient of the largest taxpayer bailout of a bank in U.S. history during the 2008 crash.

Tags: AIG, Bailout Nation, Barry Ritholtz, Bill Singer, CNBC, Crossing Wall Street, Dinosaur Trader, Floyd Norris, Hot Links, Pony Blog, Wall Street Fighter

But the bailout of AIG was in reality a backdoor bailout of the biggest Wall Street banks and their foreign big bank kin who had used AIG as a counterparty on their casino - like derivative bets and for securities loans that AIG could not make good on.

«It was eventually revealed that major Wall Street banks, foreign banks and hedge funds received more than half of AIG's bailout money ($ 93.2 billion).

And, it was finally revealed that Deutsche Bank was one of the banking behemoths that got a back - door bailout via the failed insurance giant, AIG.

The U.S. government paid these obligations at 100 cents on the dollar, despite AIG being insolvent at the time and requiring a $ 185 billion taxpayer bailout itself for making casino - like bets with the big banks.

This was the event that prompted then - Treasury Secretary and ex-Goldman CEO, Henry Paulson, to scramble furiously to arrange a Fed / taxpayer bailout of AIG and Goldman.

Half of the bailout money effectively went in the front door of AIG and then out the backdoor to the big Wall Street banks and hedge funds that had used AIG as their counterparty to guarantee their bets on Credit Default Swaps.)

In March, he was criticized for allowing AIG to pay out $ 165 million in bonuses to the same employees who caused the firm's $ 170 billion bailout with taxpayer dollars.

The lack of sufficient derivatives trading oversight is largely credited with the market meltdown of 2008, the bankruptcy of Lehman Brothers and the $ 1 trillion - plus taxpayer bailout of insurance giant AIG and Wall Street investment banks such as Goldman Sachs, JPMorgan Chase and Morgan Stanley.

Geithner was intimately involved in the bailout of insurance company AIG, investment bank Bear Stearns, commercial bank Citigroup, and mortgage giants Fannie Mae and Freddie Mac.

In a letter to Congress on Tuesday, New York Attorney General Andrew Cuomo confirmed that AIG paid 73 employees bonuses of more than $ 1 million each this year after it received federal bailout money.

[55] With AIG on the verge of collapse on September 16, 2008, and in the aftermath of Lehman Brothers filing for bankruptcy, Paterson publicly lobbied for a government bailout of the insurance giant [56].

In May, a federal appeals court said that Greenberg's Starr International Co, a big AIG shareholder, had no legal right to challenge the bailout.

He was the only one in politics who put his money where his mouth is and demanded that AIG name names on the Wall Street Bailout.

(Forget that the US bailed them out in the bailout of AIG.)

Find out why the U.S. government approved an enormous bailout package for American Investment Group (AIG).

I say good, let AIG, the Fed and the Treasury disclose what they said during the bailout.

We already know that many areas of AIG would have gone under without the bailout.

Let AIG and the Government reveal what they said regarding the bailout.

Pardon the expression but we are getting screwed and AIG and all of these banks are getting bailouts that are being used for bonuses that were paying for.

The new CEO is charged with leading AIG in repaying more than $ 80 billion in U.S. bailout loans while keeping the insurance company stable.

Look at all the bailouts and more coming with AIG Wall Street and banks and the 3 vehicle manufacturers just to name a few.

As a result of the securities lending losses, and the troubles at AIGFP, the Fed and Treasury began the bailout of AIG.

The Treasury may be under political pressure to sell its AIG stake quickly (bragging rights to say that the bailout monies have been repaid may be worth a few election points)

In order to convince the Government that the recent bailout of AIG was crucial to the financial system, they submitted this paper to the Fed and Treasury.

If AIG did not have AIGFP, and no bailout from the US Government, the company as a whole would have come under severe stress, and some of the life and mortgage subsidiaries would have gone into insolvency, but the company as a whole would probably have survived.

With AIG, that is in full force, as this could be the fourth bailout.

The chairwoman of a Congressional oversight panel that is examining the $ 700 billion taxpayer bailout of the financial sector testified Wednesday that insurance giant AIG â $ œwas a corporate Frankenstein, a conglomeration of banking and insurance and investment interests that defied regulatory oversight.â $

To prevent AIG's failure from cascading through the global financial system, the U.S. Federal Reserve and the U.S. Treasury Department executed a $ 182 billion bailout of the insurer.

2) Okay, so a Rep. Towns of New York proposes that we ease the terms on the bailout of AIG.

As for AIG, some of those promoting insurance products say that AIG's life insurance subsidiaries did not need a bailout in the crisis.

Even with 99 % accuracy, it took a while to scrub the data of the smallest portfolio, Maiden Lane III, which was the bailout of AIG.

Most of the domestic life companies of AIG received bailout money.