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American International Group (NYSE: AIG)
AIG Jobs & Careers, Stock Quote, Opinion, Profile, Chart

What Enron & WorldCom Can Teach Us About Goldman & AIG

Newsweek's latest cover story declares that The Great Recession is over. A Merrill Lynch report concurs, saying, 'The recession is over... We are bullish on global equities.' Goldman Sachs is placing riskier bets on the market than it did before the financial meltdown (and setting aside huge amounts of money to pay its executives). The problem is ...

Smoke Billowing Out of Our Economic Mount Vesuvius

There is currently plenty of alarming smoke pouring out of our economic Vesuvius, but it is being dismissed. Don't worry about economic tremors, we're told, our financial system is back on track, the bailout worked and we'll start our slow but steady climb to recovery. But warning signs are all around us ...

The AIG Bailout:
European Free Riding Enters New Realm

American International Group Inc. (NYSE: AIG) used over $90 billion in federal aid to pay out foreign and domestic banks, some of which received United States government bailouts as well. Some of the biggest recipients of AIG money were Goldman Sachs at $12.9 billion, and three European banks -- France's Societe Generale at $11.9 billion, Germany's Deutsche Bank at $11.8 billion, and Britain's Barclays PLC at $8.5 billion. Other names on the list included such stalwarts as Rabobank and Lloyds, which is now state owned.

There is no way of knowing exactly how much Europe has received until the Fed stops acting like the National Security Agency. No wonder Fed Vice Chairman Kohn refused to release to Congress the names of all of AIG's counterparties in his recent testimony.

Ohio workers to share in AIG's $725M settlement

Ohio workers to share in AIG's $725M settlement
Springfield News Sun - 6 hours ago

By Laura A. Bischoff, Columbus Bureau 12:29 AM Saturday, February 4, 2012 COLUMBUS - Insurance giant American International Group Inc. must pay $725 million to settle a securities class action lawsuit led by three Ohio public pension systems.

Judge approves $725M securities suit settlement by AIG with Ohio pension funds - Business Insurance
Quick news updates by e-mail - Dayton Daily News (blog)

Fed Bank presidents disclose assets from farmland to stocks

Fed Bank presidents disclose assets from farmland to stocks
Ct Post - 8 hours ago

Federal Reserve regional bank presidents revealed unprecedented details about their personal wealth, disclosing Citigroup Inc. shares bought by accident and ownership of a Missouri farm and Texas ranchland.

Fitch Boosts AIG Outlook To Positive After Scheduled Review

Fitch Boosts AIG Outlook To Positive After Scheduled Review
Wall Street Journal - 12 hours ago

Fitch Ratings raised its outlook on American International Group Inc. (AIG) to positive from stable, citing the bailed-out insurer's strong competitive position in several markets.

Fitch Affirms AIG's Sr Notes and IFS Ratings; Upgrades Subordinated Notes; IDR ... - MarketWatch (press release)

Another AIG Bond Sale Could Be in Offing Amid Rise in Risky Mortgage-Bond Trading

Another AIG Bond Sale Could Be in Offing Amid Rise in Risky Mortgage-Bond Trading
Wall Street Journal - 15 hours ago

By AL YOON NEW YORK—Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York.

Fed Said to Seek Offers for More AIG-Linked Mortgage Bonds

Fed Said to Seek Offers for More AIG-Linked Mortgage Bonds
San Francisco Chronicle - 17 hours ago

Feb. 3 (Bloomberg) -- The Federal Reserve Bank of New York is seeking offers for more of the mortgage bonds assumed in the government rescue of American International Group Inc. after a potential buyer approached the central bank, three people with ...

New York Fed Said to Be Seeking Bids for More Bonds Assumed in AIG Rescue

New York Fed Said to Be Seeking Bids for More Bonds Assumed in AIG Rescue
Bloomberg - 18 hours ago

The Federal Reserve Bank of New York is seeking offers for more of the mortgage bonds assumed in the government rescue of American International Group Inc. (AIG) after a potential buyer approached the central bank, three people with knowledge of the ...

Fed Said to Seek Offers for More AIG-Linked Mortgage Bonds - BusinessWeek
AMERICAN INTERNATIONAL GROUP, INC. : NY Fed To Seek Offers For AIG-Tied ... - 4-traders (press release)

AIG 'Playing Offense' Again With Share Repurchases, Chairman Miller Says

AIG 'Playing Offense' Again With Share Repurchases, Chairman Miller Says
Bloomberg - Feb 3, 2012

Play Video American International Group Inc. (AIG), the insurer that sold more than $50 billion in assets to repay a US government rescue, is now focused on growth and returning capital to investors, Chairman Steve Miller said.

AIG 'Playing Offense' Again With Buyback, Chairman Miller Says - BusinessWeek

Analysis: Obstacles high for more mortgage prosecutions

Analysis: Obstacles high for more mortgage prosecutions
Reuters - Feb 3, 2012

By David Henry and Lauren Tara LaCapra | NEW YORK (Reuters) - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on ...

Credit Suisse Worker Surrenders to FBI as Prosecutors Said to Plan Charges - Bloomberg
Analysis: Obstacles high for more mortgage prosecutions (NEWS.GNOM.ES) - NEWS.GNOM.ES (press release)

AeroTurbine Signs Ten-Year CRJ900 Material Support Agreement with Pluna Airlines

AeroTurbine Signs Ten-Year CRJ900 Material Support Agreement with Pluna Airlines
MarketWatch (press release) - Feb 2, 2012

MIAMI, Feb 02, 2012 (BUSINESS WIRE) -- AeroTurbine Inc., a wholly owned subsidiary of International Lease Finance Corporation (ILFC), announced today that it has entered into an exclusive ten-year Supply Chain Agreement supporting Pluna Airlines' fleet ...

Credit Suisse, Standard, BAA, Glaxo, AIG, Apple in Court News

Credit Suisse, Standard, BAA, Glaxo, AIG, Apple in Court News
Bloomberg - Feb 2, 2012

Kareem Serageldin, Credit Suisse Group AG (CSGN)'s former global head of structured credit trading, was charged in a scheme to falsify prices tied to collateralized debt obligations to meet targets and boost year-end bonuses for his $5.35 billion ...

News for American International Group, Inc. - Google Finance
News for American International Group, Inc. - Google Finance

[$$] Seasoned Vets Run Rookie Funds

New York Fed weighs fresh securities auction
[at Financial Times] - The New York Federal Reserve is considering a fresh auction of bundled mortgage securities acquired during the bail-out of AIG, the insurance group, after a successful sale last month.

[$$] Another AIG Bond Sale Could Be in Offing Amid Rise in Risky Mortgage-Bond Trading
[at The Wall Street Journal] - Another AIG Bond Sale Could Be in Offing Amid Rise in Risky Mortgage-Bond Trading

Street Fighters: Goldman Breaks Key Technical Level

Fed to Seek Offers AIG-Tied Mortgage Securities

AIG Gets Ready to Play Offense

Genworth Surges as Insurer Swings to Profit: New York Mover

Is the Stock Market Cheap or Not?!

On the Fly: Periodicals Wrap-Up

Malev Stops Flying After 66 Years as Hungary Cuts Its Losses

AIG ‘Playing Offense’ Again With Share Repurchases, Chairman Miller Says

Analysis: Obstacles high for more mortgage prosecutions
[Reuters] - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against ...

[$$] Push Sputters for Credit-Default Swap Futures

Geithner Talks Fannie And Freddie, Ending Too Big To Fail

Forbes Earnings Preview: Hartford Financial Services

MF Global, Malev, Irish-Welsh Sea Ferry, Manroland: Bankruptcy

Stock picks of the Federal Reserve presidents

[video] Setups in Front of the Big Number

Expect AIG To Underperform In 2012

Hungary’s Malev Cedes Spending Control to Bankruptcy Trustee