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American International Group Inc (AIG)

  • Mar. 24, 2009, 3:31 PM
    An AIG (AIG) internal memo suggests some serious manipulation in bonus givebacks. "Please be aware that we have received assurances from Attorney General Cuomo that no names will be released by his office before he completes a security review which is expected to take at least a week. To the extent that we meet certain participation targets, it is not expected that the names would be released, at all."
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  • Mar. 24, 2009, 2:00 PM
    George Soros' takeaway from AIG's (AIG) collapse: CDS are toxic instruments whose use ought to be strictly regulated; only those who own the underlying bonds ought to be allowed to buy them.
  • Mar. 24, 2009, 1:28 PM
    Clawing back the AIG (AIG) bonuses could lead to months of distraction, at a time when all eyes should be trained on keeping the world credit system from collapsing and causing global depression. "There’s real work to do. Get on with it."
  • Mar. 24, 2009, 11:16 AM
    Contrary to popular opinion, we have a detailed plan to unwind government involvement in AIG (AIG), Bernanke says, including selling off non-core assets and assimilating some of the less-risky assets.
  • Mar. 24, 2009, 10:00 AM
    Treasury's Geithner and Fed's Bernanke "will have the opportunity to explain directly and publicly the actions they have taken to rescue AIG (AIG) from collapse and monitor the company’s performance since then. They have much to clarify for the American public." Starts now - here's the webcast; Bernanke's testimony.
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  • Mar. 24, 2009, 9:36 AM
    Bernanke's prepared testimony on AIG (AIG) is out early (he's slated for 10:00). Too big to fail... Bonuses were highly inappropriate... etc.
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  • Mar. 24, 2009, 8:29 AM
    Sources say Goldman Sachs (GS) plans to repay its $10B TARP loan within the month - far quicker than its previous target of year-end. So why the rush? Executives say top brass was freaked out by populist rage over AIG's (AIG) bonuses last week.
  • Mar. 24, 2009, 7:38 AM
    The IRS challenges some of the tax deals structured by AIG Financial Products Corp., the AIG (AIG) unit which received the contentious $165M in bonuses.
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  • Mar. 24, 2009, 7:32 AM
    NY AG Cuomo thinks as much as half of AIG's (AIG) $165M in bonuses may eventually be recovered, and applauds recipients who have volunteered to return their bonuses.
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  • Mar. 23, 2009, 5:56 PM
    NY State AG Cuomo says AIG (AIG) investigation is continuing; 9 of top 10, and 15 of top 20 AIG bonus recipients have agreed to give bonuses back. (WSJ)
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  • Mar. 23, 2009, 8:46 AM
    Obama advisor Christina Romer says she's not worried populist outrage at AIG's (AIG) bonuses will derail private sector participation in the Treasury's bank backstop plan. "They are firms that are being the good guys here," she tells Fox News Sunday.
  • Mar. 23, 2009, 8:24 AM
    Fox Pitt is worried private investors will be spooked by the recent Wall Street witch hunt, crippling the Treasury's new program: "We believe Washington’s hysteria over AIG (AIG) bonuses has created a highly detrimental, deep distrust among these private investors."
  • Mar. 23, 2009, 7:57 AM
    AIG (AIG) takes down the large AIG sign outside its property-casualty offices, apparently to "distinguish these well-capitalized businesses from AIG." Okay, sure.
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  • Mar. 23, 2009, 7:10 AM
    AIG (AIG) rivals met with Bernanke to complain AIG's federal lifeline has unfairly tilted the commercial-insurance playing field. The firms want the government to ensure AIG doesn't use its federal rescue to win an advantage, particularly by cutting prices.
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  • Mar. 22, 2009, 3:50 PM
    AIG's (AIG) bonuses were almost extortion, Rep. Barney Frank tells Face The Nation. "They said, "'We know what you need to know and we will quit if you don't bribe us.'" Sue them, he says.
  • Mar. 22, 2009, 8:10 AM
    Could the government let AIG (AIG) fail? Hard to say for sure without the facts, Baseline Scenario's James Kwak says. "The government by now has had six months to study the books of AIG and its major domestic counterparties. People are no longer willing to take it on faith that the future of the free world depends on an implicit blanket guarantee for AIG. At least we want to see some evidence."
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Company Description
American International Group Inc is a holding company. The Company, through its subsidiaries, provides insurance and related services in the United States and abroad.