Search for: "AIG Financial Products" Results 21 - 40 of 402
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2 Mar 2009, 6:15 am
To reiterate what has been said before, AIG's troubles have been caused by the AIG Financial Products subsidiary that wrote naked credit default swaps. [read post]
1 Apr 2009, 7:11 am
Atop this rogue's list is Joseph Cassano, chief of AIG's financial products division, who engineered the credit default swap fiasco. [read post]
8 Oct 2008, 4:24 pm
He was the genius behind AIG's Financial Products Unit, which insured high risk sub-prime mortgage deals. [read post]
17 Feb 2021, 9:22 am by Silver Law Group
Financial advisors often push these products because of the high commissions they can receive, without suggesting or indicating that other financial products may be better suited for many investors. [read post]
7 Aug 2009, 7:39 am
AIG As anyone in the financial and settlement industry knows, pervasively negative headlines and news about life insurance company earnings, credit ratings and stability has an adverse impact on the ability to convince clients as to the safety of their money and savings. [read post]
2 Feb 2010, 6:37 pm by Lawrence Cunningham
Nearly this time last year, I wrote in The New York Times, that the inflammatory exchange of “nebulous assertions and hysterical threats” would not get the country any closer to resolving the fury over paying millions in bonuses to employees of American International General, a firm whose wild financial products contributed decisively to the prevailing financial calamity still throttling us, and now propped up by US government financial support. [read post]
30 Mar 2009, 1:01 am
Today John Carney offered another peek inside AIG, courtesy of the executive director of AIG's Financial Products. [read post]
24 Mar 2009, 7:12 pm
Financial Products...Most of those responsible [for the CDS's at the root of the meltdown] have left the company and have conspicuously escaped the public outrage...Many of the employees have, in the past six months, turned down job offers from more stable employers, based on A.I.G.'s assurances that the contracts would be honored. [read post]
16 Mar 2009, 1:07 pm
President Obama has called upon Treasury Secretary Geithner to take all steps to prevent AIG from paying those bonsues to employees at the company's Financial Products unit. [read post]
20 Mar 2009, 3:12 am
Poling had told him he was returning the bonus "because he thought it was the correct thing to do" Herr told the New York Times.Poling was recently brought on to wind down the financial products unit, selling off about 80 percent of the unit's assets, which money will go to the government, according to Gerry Pasciucco, a former Morgan Stanley vice chairman who was hired to wind down the unit. [read post]
10 Aug 2009, 11:52 am
AIG was brought to the brink of collapse last year amid towering losses related to insurance products the company sold to investors with souring mortgage-backed investments. [read post]
17 Mar 2009, 4:32 am
Boy, the AIG Financial Products division really is filled with cluelessness and chutzpah. [read post]
24 Mar 2009, 2:10 pm
The SEC charged AIG with fashioning and selling "purported insurance product that Brightpoint used to report false and misleading financial information to the public. [read post]
3 Mar 2009, 7:48 am
What has happened to the company, it's employees and partners in business is disgusting and it is now escalating in a never ending spiral of ass covering by the regulators, treasury hacks and politicos who panicked back in October and imposed a huge, unworkable loan on AIG in a bid to keep Lehman Brothers and other companies that utilized AIG financial guarantee products from collapsing. [read post]
16 Dec 2008, 7:05 am
The lawsuit (brought on behalf of a Catholic Marine veteran who served in Iraq and Kuwait) centers on the fact that one of AIG's subsidiaries offers Shariah-compliant financial products and business plans, such as Takaful Insurance. [read post]
15 Sep 2009, 4:00 am
As you can guess from the title, Lewis pins much of the blame on one man: Joe Cassano, the former president of AIG Financial Products. [read post]
16 Mar 2009, 8:29 am
They are part of the financial products division, that same operating group that underwrote many of the risky sub-prime mortgages that set off our current economic nosedive. [read post]
11 Sep 2009, 9:13 am
Cassano (pictured) recently ran AIG’s financial products unit, which helped bring down the insurer last year after making bad bets on mortgage-related derivatives called credit default swaps. [read post]
16 Mar 2009, 8:34 am
We continue to be amazed at the ongoing saga of AIG. [read post]