Modest Proposals for Financial Reform: Abolish Mortgage-Backed Securities - The Atlantic
Posted by admin / Under AIG Financial Products
Modest Proposals for Financial Reform: Abolish Mortgage-Backed Securities The Atlantic 2) The long-time heads of AIG Financial Products: no that was not a typo. For most of the history of AIG FP, they absolutely refused to enter into any transactions, CDOs included, backed by real estate. It is worth excerpting the following from Roddy ... |
Published on Tuesday 22nd of May 2012 10:35:06 PM
CFTC Gensler talks Dodd-Frank at Senate committee meeting - Futures Magazine
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 Futures Magazine | CFTC Gensler talks Dodd-Frank at Senate committee meeting Futures Magazine As the financial system failed in 2008, most of us learned that the insurance giant AIG had a subsidiary, AIG Financial Products, originally organized in the United States, but run out of London. The fast collapse of AIG, a mainstay of Wall Street, ... |
Published on Tuesday 22nd of May 2012 10:35:06 PM
Investment Office At JPMorgan Chase Allowed to Chase Profits and Downplay Risk - Firedoglake
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 Sydney Morning Herald | Investment Office At JPMorgan Chase Allowed to Chase Profits and Downplay Risk Firedoglake As more becomes known about JPMorgan Chase's Fail Whale trade, we learn that the Chief Investment Office, where the trades were placed, was the most dysfunctional trading desk this side of AIG's Financial Products Unit. Early success turned it from an ... Wall Street back to its old tricks Paul Krugman: JP Morgan up to old tricks, and Mitt Romney is clueless |
Published on Tuesday 22nd of May 2012 10:35:06 PM
HP loses $190 million tax case against IRS - Reuters
Posted by admin / Under AIG Financial Products
 BusinessTech | HP loses $190 million tax case against IRS Reuters The ruling turns a spotlight on an aggressive tax-cutting strategy created last decade by AIG Financial Products and bankrolled by several European banks. The strategy involved trading derivatives with the aim of generating capital losses and foreign ... Hewlett-Packard Loses Tax Court Case, Had Sought Over $190 Million In Tax ... |
Published on Tuesday 22nd of May 2012 10:35:06 PM
One Lesson From JP Morgan: Wall Street Has Changed - U.S. News & World Report (blog)
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 U.S. News & World Report (blog) | One Lesson From JP Morgan: Wall Street Has Changed U.S. News & World Report (blog) There's an interesting parallel between the London-based JP Morgan unit responsible for that firm's recent woes—its Chief Investment Office—and AIG's Financial Products unit, which was also based in London and generated most of the devastating losses ... |
Published on Tuesday 22nd of May 2012 10:35:06 PM
Regulators said they learned of JPMorgan loss from news reports - Los Angeles Times
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 Toronto Star | Regulators said they learned of JPMorgan loss from news reports Los Angeles Times By Jim Puzzanghera WASHINGTON — Two key financial regulators told senators Tuesday that they learned of the huge trading loss at JPMorgan Chase & Co., through media reports and that the public wouldn't be protected from the fallout from future ... Regulator: JPMorgan Losses Serve as “Stark Reminder” CFTC investigating JPMorgan Chase CFTC chief - Looking at JPMorgan, need global rules |
Published on Tuesday 22nd of May 2012 10:35:06 PM
China's Alarming Risk Of Financial Instability - Forbes
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China's Alarming Risk Of Financial Instability Forbes If the risky trust products and wealth funds that Caixin documented last July are China's equivalent to CDOs, then credit guarantee companies are China's version of AIG. As I understand it, credit guarantee companies were originally created to help ... |
Published on Tuesday 22nd of May 2012 10:35:06 PM
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