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Aig
New York Times:
A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.
. (Read More)
Wall Street Journal:
Douglas Foshee, a trustee who oversees U.S. taxpayers' nearly 80% stake in AIG recently said he wanted to quit his post, but was persuaded to stay on. (Read More)
Topics:
Post,
Government
Financial Sector and Stocks Analysis from Seeking Alpha:
The Baseline Scenario submits: By James KwakAs everyone knows by now, Neil Barofsky, special inspector general for TARP, has a new report out on the decision by the Federal Reserve Bank of New York last Fall to make various A (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
If Treasury Secretary Timothy Geithner doesn’t know how to get appropriately compensated for the loans / bailouts that he keeps approving on behalf of the United States Government then he shouldn’t be giving out these loans a (Read More)
News Networks:
Wall Street Network,
The Global Financial Crisis
Wall Street Journal:
Geithner says credit-default swaps weren't the problem, after all. (Read More)
New York Times:
By not extracting concessions from bankers during the rescue of A.I.G., policy makers undermined their own credibility — and put the broader economy at risk.
. (Read More)
Reuters: Mergers News:
* Board not planning any action with respect to CEO -source
. (Read More)
News Networks:
The Global Financial Crisis,
2008 Economic Crisis
Reuters: Mergers News:
NEW YORK, Nov 19 (Reuters) - An American InternationalGroup Inc's board meeting is expected next week againstthe backdrop of Chief Executive Robert Benmosche's frustrationwith the U.S. government's involvement in the insurer (Read More)
Submitted by mvndrvrt
from Google Reader:
On Monday, I posted Dan Pink's TED talk on motivation. I'm looking forward to the release of Dan's next book, Drive. And here's why. He's right. But there are a great many businesses out there determined to continue utili (Read More)
Reuters Video: Top News:
No 19 - U.S. Treasury Secretary Timothy Geithner defended the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
. (Read More)
FOXBusiness.com:
Geithner pushes for a single regulator for the largest firms, as reform bills work their way through the House and Senate. (Read More)
washingtonpost.com - U.S. Economy:
WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
. (Read More)
Financial Sector and Stocks Analysis from Seeking Alpha:
Wall Street Cheat Sheet submits: On Monday night we posted Tyler Durden’s breakdown of the SIGTARP audit of the AIG bailout. Will this report resurrect the Fed Audit movement now that Ron Paul’s End the Fed book release PR ha (Read More)
News Networks:
Wall Street Network,
The Global Financial Crisis
Financial Sector and Stocks Analysis from Seeking Alpha:
Bob Mcteer submits: Notes made for remarks to the Federalist Society on November 13, 2009: It’s an honor to be on this panel with all these distinguished people. But I’m afraid I was invited because I’m considered soft on ba (Read More)
News Network:
The Global Financial Crisis
Reuters: Deals:
TAIPEI (Reuters) - Taiwan is raising concerns that the buyers of AIG's Nan Shan Life insurance unit, China Strategic and Primus Financial, are backed by China-sourced funds, complicating the approval process behind the $2.1 (Read More)
Reuters: Private Equity:
* Taiwan concerned about backing of Primus, China Strategic
. (Read More)
News Network:
The Global Financial Crisis
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