Posts tagged AIG

Fruadulent Transactions Made Real?

I just finished reading Chris Whalen’s piece on AIG and the implications leaves me speechless. Here is the gist.  Before credit default swaps came into vogue, insurance companies would create reinsurance contracts with each other.  Reinsurance is simply one insurance company transferring some of [...]

AIG – The New Marshall Plan

Image by Mike Licht, via Flickr As the AIG bailout goes north of $160 billion dollars, I have been trying to figure out who this money is really supporting.  The latest round of money illuminated that a major thrust was on maintaining AIG’s AAA rating.  A number of people [...]
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