Operative Groups: The Latin-American Approach to Group Analysis (International library of group analysis)
France24 (Free subscription) | 20/11/2009
Taiwan will probe if the buyer of the local unit of American International Group has violated a long-term investment commitment by speedily selling on part of the company, an official said Friday. In October, AIG announced a Hong Kong-based consortium including China Strategic Holdings had agreed to buy Taiwan-based Nan Shan Life for 2.15 billion US dollars, pending regulatory approval.
KY3 News (Free subscription) | 20/11/2009
Congressman Roy Blunt is urging the Financial Services Committee to schedule a hearing to examine a report that the Federal Reserve Bank of New York was unprepared to deal with bailout money AIG received last year. Blunt said the committee must investigate before legislation regarding further AIG-style bailouts are considered. From BLOOMBERG: The inspector general’s report “paints a devastating...
Reuters (Free subscription) | 20/11/2009
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
Hot Air (Free subscription) | yesterday
Centuries ago, at the beginning of the Obama Administration, we were told that the “obscene” bonuses of AIG executives should be taxed away, with special taxes that amounted to bills of attainder. This is not the first time we've seen specific industries targeted with massive taxes because they were deemed ...
Politik Ditto (Free subscription) | yesterday
More trials and tribulations from the utter FAIL that is the Obama administration: Adding to lawmaker criticism of U.S. Treasury Secretary Timothy Geithner's performance is a new survey released on Friday showing 42 percent of Americans say he has done a "poor job" handling the credit crisis and federal bailout programs. The survey by Rasmussen Reports, a polling and electronic publishing...
DealBreaker (Free subscription) | 20/11/2009
$$$ Morgan Stanley's $9,000,000,000.00 Check . [Andrew Ross Sorkin] $$$ The Media Is Wrong About Goldman Sachs, AIG [The Atlantic] $$$ Steel Wins Dismissal Of Icahn Bid To Block Restructuring [FINalternatives] $$$ Felix Salmon and Henry Blodget Have a Fight , Make Up [Daily Intel] Morgan Stanley - Goldman Sachs - Andrew Ross Sorkin - American International Group - United States
The Blue Voice (Free subscription) | 20/11/2009
Paul Krugman assesses the consequences of having done too little in the spring to combat the economic crisis in The Big Squander New York Times 11/19/09: Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials...
Reason Magazine - Hit & Run (Free subscription) | 20/11/2009
An audit of the Federal Reserve Bank would "substantially castrate the Fed so it cannot do what it was set up to do," Rep. Melvin Watt (D., N.C.) said yesterday, in an effort to tamp down a congressional uprising against the Bush/Obama economic team. This devastating exchange Thursday between Secretary of the Treasury Tim Geithner and Rep. Kevin Brady (R-Texas); along with weeks of close...
Paralegal SLO (Free subscription) | 20/11/2009
A partner at Davis Polk was tapped to lead the Justice Department's fraud section, which is prosecuting or investigating many of today's biggest fraud cases, from R. Allen Stanford to American International Group. '> http://bit.ly/qWPbX
Boots and Sabers (Free subscription) | 20/11/2009
Their own jobs, I suspect. Growing discontent over the economy and frustration with efforts to speed its recovery boiled over Thursday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration. Episodes in both houses of Congress exposed the raw nerves of lawmakers flooded with stories of unemployment and economic hardship back home. They also underscored the stiff...
Vox Verax (Free subscription) | 20/11/2009
By PAUL KRUGMAN NYT Earlier this week, the inspector general for the Troubled Asset Relief Program, a k a, the bank bailout fund, released his report on the 2008 rescue of the American International Group, the insurer. The gist of the report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue. And...
Philadelphia Inquirer (Free subscription) | 20/11/2009
The U.S. House of Representatives will likely pass Rep. Paul Kanjorski's (D., Pa.) break-'em-up bill, which calls for regulators to split dangerously big and financially complex companies into safer pieces, so they don't have to be bailed out like American International Group Inc. or General Motors Corp.
Daily Kos (Free subscription) | 20/11/2009
Given the record of Goldman Sachs (as detailed in McClatchy's five-part series), AIG, Halliburton and other supposedly upright U.S. corporations, it's a tad arrogant to complain about the corruption of other countries. Endemic or not, the wink-wink, nod-nod deals of much of the Third World amount to peanuts when compared with the rip-offs visited on taxpayers, investors and consumers here at home....
PEU Report (Free subscription) | 19/11/2009
President Obama shifted rhetoric from recovery to "possible double dip recession" this week. Today short-term Treasury bills went negative on yield. ZeroHedge noted this happened after the fall of Lehman Brothers. The big money boys were scared to loan to one another, to park money in failing institutions. They put their billions in safe haven T bills. In early November CIT imploded, but...
Reuters UK (Free subscription) | 19/11/2009
NEW YORK, Nov 19 (Reuters) - An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
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