American International Group, Inc. (AIG)

American International Group, Inc. (AIG) - Clusterstock

On Sunday, the New York Times wrote another story about certain aspects of the relationship between Goldman Sachs and AIG titled "Testy Conflict With Goldman Helped Push AIG to Edge" This is the third theory the paper has put forward since The theories are contradictory and many of the supporting "facts" don't stand up to serious scrutiny 

American International Group, Inc. (AIG) - Richard Aboulafia at Teal Group Corporation

The company has struck deals to raise more than $12 billion, divesting a US auto insurer, an equipment guarantor and a Japanese office tower MetLife Inc, the biggest US life insurer, is in talks to buy a non US life unit from AIG ILFC, the biggest customer for both Boeing Co and Airbus SAS, has more than $4 billion of debt maturing in the first nine months of 2010 It was cut to the lowest investment grade level by Standard & Poor's on on the prospect the insurer may take "several years" to sell the business Moody's Investors Service cut the company to junk in December on concern that AIG may cut off funding this year "The factors that were beating up most of ILFC's portfolio were taking place with or without him," said Richard Aboulafia, an analyst at the Teal Group, a Fairfax, Virginia based aviation consulting firm 

American International Group, Inc. (AIG) - The Big Picture

There is a huge front page article in the NYT discussing what we already know — that AIG extracted billions from AIG before ($5.9B) and after ($12.9B)their collapse. We know that Goldie got paid 100 cents on the dollar post bailoutBut what insured party gets to set their own valuation of losses? 

American International Group, Inc. (AIG) - Michael Panzner at Financial Armageddon

On the AIG bailout DAVID STOCKMAN: The fact is, the heart of the bailout was AIG That was $80 billion worth of CDS that was going to go sour 

American International Group, Inc. (AIG) - Richard Aboulafia at Teal Group Corporation

"The factors that were beating up most of ILFC's portfolio were taking place with or without him," said Richard Aboulafia, an analyst at the Teal Group, a Fairfax, Virginia based aviation consulting firm "What he does next will have an impact on perceptions of ILFC's value" 

American International Group, Inc. (AIG) - New York Times - DealBook

Not all the derivative contracts American International Group wrote on complex securities backed by now toxic mortgages have ended up being a disaster. In fact, dozens of interest rate swaps that AIG put together — for many of the very same troubled collateralized debt obligations that drove the giant insurer to the brink of bankruptcy — are generating "north of $1 billion in value" for the firm, Reuters reported, citing people familiar with the deals But AIG has been at risk of losing that value ever since the fall of 2008, when the US government stepped in with a massive bailout and the insurer's once mighty credit rating was slashed 

American International Group, Inc. (AIG) - Dan Greenhaus at Miller Tabak

But this bailout, easily the least popular, is also one of the most complicated due to AIG's ties to a range of banks and other companies Comparing the company to "a third world country," Bartmann said, "I don't think even today we really know what AIG was or where its tentacles were located" The complexity of the company makes Geithner's point that much harder to prove Still, many believe saving AIG was the safe choice, given the huge amount of fear at the time "By itself it may not have been the end of the world but in conjunction with everything else happening, Treasury was not willing to find out" what an AIG collapse would look like, said Dan Greenhaus, chief economic strategist at Miller Tabak 

American International Group, Inc. (AIG) - New York Times - DealBook

Treasury Secretary Timothy F. Geithner said Wednesday that the American International Group 's contracts to pay hundreds of millions of dollars in bonuses were "outrageous" and appealed to Congress to help recoup the payments. He said Congress could help recover the "deeply irresponsible" bonuses by passing an Obama administration proposal to levy fees on large financial firms "Those contracts were outrageous," Mr Geithner told the House Ways and Means Committee, according to Reuters 

American International Group, Inc. (AIG) - Peter Cohan at Daily Finance

reports that American International Group ( ) is poised to pay workers in its Financial Products Group (FPG) a $100 million bonus today. FPG sold credit default swaps (CDSs), a form of bond insurance, without reserving against the possibility that it would have to pay claims on them And that group is primarily responsible for America's AIG bailout in 

American International Group, Inc. (AIG) - Joe Weisenthal at Clusterstock

American International Group plans Wednesday to pay another round of employee bonuses worth about $100 million, said several people familiar with the matter, a year after similar payments at the bailed out insurance giant infuriated many Americans and inflamed Washington This week's payments will go only to employees at the company's Financial Products division who agreed recently to accept between 10 and 20 percent less money than AIG had initially promised them years ago