Mar 23rd, 2009 - The Huffington Post
Related topics:
On March 16, 2009 United Guaranty revised its standards for providing the first loss insurance that has caused so much pain. Their new standards are significantly more restrictive. The new terms are condensed* as follows:
Related stories:
Backtracking on tax clawback?
Mar 24th, 2009 - MSNBC
From NBC's Mike Viqueira Speaker Nancy Pelosi says that if AIG folks are really coughing up their bonuses, "then we have accomplished what we set out to do." Recall that it was Pelosi who last week rushed the 90% bonus tax to the floor of the House...
Sunil Chacko: The Mystery of the Disappearance of the Bayh Amendment
Mar 24th, 2009 - The Huffington Post
While much attention is focused on the disappearance of the Wyden-Snowe Amendment (see here and here) that could have prevented $165 million of unnecessary bonuses to AIG management...
AIU Holdings: AIG Creates New Name To Avoid PR Disaster
Mar 23rd, 2009 - The Huffington Post
Following up Ryan Grim's report from Congress last week that AIG chief Edward Liddy was looking to change the company's "thoroughly wounded and disgraced" name, it appears as though words are being put into action.
Obama "60 Minutes" Interview Transcript
Mar 22nd, 2009 - The Huffington Post
SCROLL DOWN FOR VIDEOS Here is the transcript of part one of President Obama's interview with "60 Minutes": Were you surprised by the intensity of the reaction, and the hostility from the AIG bonus debacle? BARACK OBAMA: I wasn't surprised by it...
Bank of America's Countrywide Financial sues AIG unit
Mar 21st, 2009 - MiamiHerald
Bank of America's Countrywide Financial sued a unit of American International Group, claiming it refuses to pay insurance claims for defaulted loans originated by the mortgage lender.
Related videos from YouTube:
6:51U.S. Treasury Seeks More Power; China Calls for New Reserve Currency; AIG Returns Bonuses
Treasury unveils plan to buy troubled assets •Giethners plan sparked a near 500 point rally on Monday •The plan will allow the government to take over bad mortgage securities with the help of private investors. •$100 billion from the TARP (bailout) ...
53:446/23/09: White House Press Briefing with President Obama
resolution authority. I think it wasn't that long ago where everybody was properly outraged about AIG, and the enormous amounts of money the taxpayers had to put into AIG in order to prevent it from dragging the entire financial system down with it ...
1:34:03Adam Bold - Back to Basics: Rebuilding Your Personal Wealth
RECOVERY IN THE MARKET. THINGS COME BACK. ONLY INVEST IN WHAT YOU UNDERSTAND. HEARD OF CDOs, COLLATERALIZED DEBT OBLIGATIONS, A PORTFOLIO OF SUBPRIME MORTGAGES. THE BEAUTIFUL PART ABOUT SUBPRIME MORTGAGES IS LIKE A REGULAR MORTGAGE ...
1:29:39CSULB Economic Stabilization Act Panel Discussion
AND I THINK I'M GOING TO START ACTUALLY WITH A BRIEF EXPLANATION OF WHAT A SUBPRIME MORTGAGE IS AND IT'S A LITTLE MORE COMPLICATED THAN ANYTHING THAT'S NOT A SUBPRIME MORTGAGE. WHAT IT BASICALLY ENTAILS ARE REDUCED UNDERWRITING ...
