bthomas

Are the Banks Telling Us the Truth?

If liquidity is the issue, and MTM of illiquid assets has somehow affected liquidity to the point that banks are insolvent then they were probably insolvent already. That being said, why continue the charade of securitizing the debt? Have this mess unbundled since there is no foreseeable market for it anyway. Don't abandon any semblance of oversight. Have all government agencies abdicated inherent responsibility? Or is America simply too soft and spineless for anyone to actually do the right thing to accomplish the task at hand? Let's hope Mr. Barofsky is up to the task, and can (is allowed to) exercise his authority.

How We Could Let AIG Fail, Sort Of

What has already happened to them? Apply adverb here: They're ____!


On Mar 21 11:08 AM friar tuck wrote:

> what happens to the common stock holders if aig goes chapter 11?

AIG's Not Very Transparent List of Counterparties

Freddo,
AIG was the hedge!


On Mar 16 11:58 AM mr freddo wrote:

>
> I am surprised that we haven't yet seen angry mobs storming AIG headquarters
> and ransacking the offices.
>
> The disclosures identify what many Seeking Alpha commenters have
> already guessed at. The bailout money went to financial institutions
> that played the game and should have gotten burned properly, or not
> if they were adequately hedged.
>
> On top of the disclosures, we now have the bonus fiasco. How much
> of this can the average tax payer take? How much bonus money would
> AIG be paying out if it had been allowed to go bankrupt? There should
> be some way to void these contracts.
>
> I don't know of any other situation in capitalism where you work
> for a company, succeed in blowing it skyhigh, and then get your bonus.
> Who wrote these contracts anyway?

AIG's Blackmail Note

What is a "life"(is that the same as life policy) policy and why are there 19 trillion in face value on 375 million policies in the U.S.? These numbers are directly from this report on page: 4. Or is it 1.9 trillion in life policies to 81 million as it says on page: 9? Writer? Which is it typo? Double speak? If they don't know why are they still in charge of this company? Who needs terrorists when we have AIGFP. Talk about PONZI these guys got everybody.