AIG

I had originally looked to add this video to the last post on Black about the federal reserve. But the video here showing Black speaking to Bloomberg News about the recent AIG scandal and financial regulation deserves a post of its own.…

Below is the latest Bloomberg News video on the Geithner-AIG cover-up. Congressman Darrell Issa (R-CA), who learned by investigation that the NY Fed asked AIG to withhold information about payment to its counterparties, is now asking…

This is a post which originally appeared at New Deal 2.0 by Randall Wray on why President Obama needs a new economic team, starting with Tim Geithner. L. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas…

In handwriting: Note that there should be no discussion or suggestion that AIG and the NY Fed are asking to structure anything else at this point. It will be enlightening to hear him explain what this statement means. See…

Damaging e-mails have revealed that Treasury Secretary Timothy Geithner urged AIG to withhold crucial information about the deterioration of its financial condition in the lead up to its demise.  This will put further political…

Here’s another $25 billion giveaway to AIG.  Notice that AIG gets the upside over $25 billion. Does this ever stop?  Bloomberg reports. American International Group Inc., the insurer bailed out by the U.S. government, agreed…

As understandable as the Congressional response to the AIG bonuses was, the reality is that this does create a number of disturbing precedents. We have a stupid Congress mindlessly lashing out to compensate for its own complicity in…

Marshall Auerback here. I have a few thoughts about AIG and what it means politically and for American banks. The episode may have already made it much harder to get any support in Congress for bailing out more banks in the future. The…

This video from the Charlie Rose show should give one a fairly complete view of most of the relevant finance and political issues surrounding the AIG situation. (hat tip Calculated Risk) Participants include bank analyst Meredith Whitney…

This comes via the website The Agonist (Hat tip Scott).  I have bolded the important bits: So what are AIG’s arguments for making these bonus payments? All 450 employees of AIG in London, where the derivatives contracts were booked and…