World News Insights
1-3 Minute Gist

All Topics Article

Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages

New York Times Original article ›

Keywords:


Government Bailout of AIG

02/24/2009

The burgeoning cost of bailing out AIG. The cost is approaching $200 billion and is the costliest corporate bailout so far.

Grouped Articles

Cost of Bailouts Continues to Decline

Wall Street Journal 05/10/2013

Washington’s Illegal Bailout

Wall Street Journal 06/16/2015

In A.I.G. Case, Surprise Ruling That Could End All Bailouts

New York Times 06/15/2015

Ex-A.I.G. Chief Wins Bailout Suit, but Gets No Damages

New York Times 06/15/2015

AIG Seeks to Ease Its Bailout Terms

Wall Street Journal 02/24/2009

Any Takers for AIG's Asian Arm?

Wall Street Journal 02/25/2009

$52 billion of government money to go through AIG to banks and in turn to hedge funds for betting against the housing market.

01/19/2009

The Financial Products Group's 370 person staff at AIG earns bonueses of $400 million for AIG insurance sold at "fractions of a penny for every dollar covered, less than $10 million for $1 billion of insurance" (WSJ). It costs the government $52 billion to take care of this and $165 million in bonus check go out for retention incentives with binding contracts to these staffthe same week. Thats the kind of financial innovation that has exacerbated the turmoil and created acrisis of condfidence for financial markets in the USA by March 2009.

Grouped Articles

Goldman Sachs: Don't Blame Us

BusinessWeek 04/01/2010

Hedge Funders Are All a Little Nuts

Wall Street Journal 08/27/2013

In New Books, a Look at People and Places That Innovate

New York Times 09/04/2010

Hank Greenberg Still in the Ring at 90, Battling A.I.G. Charges

New York Times 04/30/2015

Washington’s Illegal Bailout

Wall Street Journal 06/16/2015

In A.I.G. Case, Surprise Ruling That Could End All Bailouts

New York Times 06/15/2015

The U.S. government's recovery of funds used to bailout insurers, banks, Fannie, Freddie, and auto companies

11/16/2010

The US government still has a ways to go to recover funds from the auto bailouts. AIG is still costly. Fannie and Freddie are an entirely different story, a debacle with huge additional funds needed.

Grouped Articles

Freddie's Profit Soars on Housing Rebound

Wall Street Journal 05/08/2013

Fannie Mae to pay $59.4B to Treasury - The Washington Post

Washington Post 05/09/2013

Fannie Chief: Payout Must Not Delay Revamp

Wall Street Journal 05/10/2013

Cost of Bailouts Continues to Decline

Wall Street Journal 05/10/2013

Fannie, Freddie Payments Nearly Match Aid

Wall Street Journal 11/08/2013

White House Rejects Fannie-Freddie Recapitalization Plans

Wall Street Journal 11/23/2013


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us