talkingpointsmemo.com - 3/5/2009
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As reported earlier today, AIG -- which is already 80% owned by the US government -- is poised to go back to the government trough for more money.
(Remember, we've already committed roughly $150 billion to AIG.)
So I want to come back again to this question : who are the ...
portfolio.com - 3/2/2009
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portfolio.com —
While I was stuck for most of today
in areas of London which seemingly had no wifi...
coffee shops, AIG managed to contrive to lose $61 billion in a single quarter ( $670 million a day! ) and the stock market finally gave up any hope of staying above ...
(more)
The AIG Scandal
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Who Are The AIG Counterparties? Here Are Some...
TPMMuckraker —
Over at TPM, Josh has been doggedly highlighting the refusal of both the AIG and the federal government to reveal the identity of AIG's counter-parties in its disastrous credit default swaps. And several lawmakers have in recent days pressed Tim Geithner and Ben Bernanke on the issue.
The question matters, of course, because AIG needed to make its most recent multi-billion dollar trip back to the public trough (that's over $160 billion in all for AIG, if you're counting) in order to pay back its creditors on those disastrous swaps -- and ...
The Collected Works Of Benjamin Bernanke
The Huffington Post | Full News Feed —
... Hardly. Here's Econbrowser's pictorial representation of the Fed's balance sheet from a few months ago, showing a dramatic shift from holdings concentrated in US Treasuries to a mish-mash of mortgage-backed and asset-backed debt, taken on from Bear Stearns and AIG, on which it has already suffered losses of up to US$5 billion.
Keeping AIG counterparties under wraps
Back in late February and early March, when AIG returned to Congress, seeking another huge bailout, members of Congress insisted on knowing the ...
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AIG
yglesias.thinkprogress.org 3/19/2009 — Maybe this is stupid, but couldn’t the administration just . . . not pay the AIG bonuses? As in, rather than direct Tim Geithner to find a way to not pay them, just order AIG to not pay them. Order first. Let the AIGsters sue. Then while the ...
More AIG
calculatedriskblog.com 3/1/2009 — Note: For the grim economics news in graphs, please see my post yesterday: February Economic Summary in Graphs First a repeat of Eric's great AIG cartoon! Click on cartoon for larger image in new window. Cartoon from Eric G. Lewis From the ...
AIG - AIG News Articles
newser.com 3/18/2009 — What is Newser? Face it: there's too much news. At Newser, we choose the most important stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7 you can come back morning, ...
AIG Again
washingtonmonthly.com 2/2/2009 — AIG Again From the WSJ: "American International Group Inc. is in discussions with the government about Washington backstopping some of its troubled assets and is considering selling units through initial public offerings. (...) Backstopping of assets ...
AIG Changes Its Name
blogs.abcnews.com 3/23/2009 — Valujet became ATA. Blackwater morphed into Xe. And New Kids on the Block changed to NKOTB. Plus, as we noted earlier, "toxic assets" today became "legacy loans." Amidst all this re-branding, AIG has emerged as AIU Holdings. Enjoy! - jpt
AIG politics
politico.com 3/19/2009 —
For all that the AIG bonuses have given all sides grand new opportunities for posturing, all involved have been, at times, a bit uncertain of their footing.
Eric Cantor got hammered this morning for not offering a specific solution to ...
They Came for the AIG Bonuses, but I was not an AIG Employee…
proteinwisdom.com 3/21/2009 — Forget for a moment that the legislation to tax back the bonuses from AIG is a Bill of Attainder.
Forget that Bills of Attainder are prohibited by the Constitution. That part is of course easy to forget..Congress gave up on it long ago.
Forget that ...
AIG
krugman.blogs.nytimes.com 3/20/2009 — Preliminary thoughts on the tax bill:
1. It's not the way you should make policy - it's clumsy, and it will punish some innocent parties while letting the most guilty off scot-free
2. But - there wasn't much alternative at this point. And for that I ...
What do do about AIG?
meganmcardle.theatlantic.com 3/16/2009 — For all my sympathy with people whose stupid bets got us into this mess, I am not overeager to hand them more of my hard-earned money. But the AIG retention bonuses raise a question the government is going to have to ask again and again before ...
The AIG Money Pit
balloon-juice.com 2/24/2009 — Back for more :
Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate.
That massive loss is likely to spur downgrades in its insurance and credit ratings ...
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