AIG Not Joining Greenberg Suit
Ouch. Executives at American International Group have decided not to sue the U.S. government for taking advantage of the company during the financial crisis, even though the suit...
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Newsweek Bonfire of the Verities
... Goldman Sachs chairman Lloyd Blankfein; top executives of Lehman Brothers, Morgan Stanley, Credit Suisse, Deutsche Bank, AIG, ING, MetLife, Cantor Fitzgerald, and myriad hedge, private...
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U.S. Moves to Exit GM
... damage these losses can do. And profits on the government’s other “investments” make it willing to own and recognize its losses on GM.Earlier this month, the life insurer AIG, which...
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Spitzer: Big Fish Are Tough to Nab
... which hedge-fund managers have been nailed for manipulating the market. But the failures of AIG, Lehman Brothers, Bear Stearns, Fannie Mae, and Freddie Mac required massive bailouts...
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AIG Stock Sale Vindicates Treasury Bailout
... sale in a few months. When that happens, Treasury officials and AIG executives will justifiably take a victory lap. But as they congratulate one another over their steadfastness and...
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Bair Dishes on Bailout
...-called shadow banks like Lehman Brothers, Countrywide Financial, and AIG—the FDIC played an important role in stemming the panic in 2008 and 2009. In the middle of the crisis, for...
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Newsweek What Recession, Darling?
..., insurance executives, and CEOs—many of them employed by the Wall Street brand names (Lehman Brothers, Morgan Stanley, AIG, Goldman Sachs) that were the poster children of the financial...
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Herman Cain—a CEO's Best Friend
... Robert was. Since 2003, when Cain launched an unsuccessful Senate campaign, the Greens have donated $10,500 to various Cain campaign committees. Other executives at Aquila/Utilicorp and...
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Which Bank Is the Worst?
... executives. JPMorgan Chase Jamie Dimon is “America’s least hated banker,” the financial writer Roger Lowenstein wrote in The New York Times Magazine at the end of 2010. But if JPMorgan...
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Could Blankfein Face Prison?
... executives, including Blankfein, misled Congress in testimony surrounding the Abacus CDO, Hudson, Timberwolf, and other deals, by saying it didn’t have a big short. The top lesson I learned...
