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Counterparties

More Things To Know

Mark Gongloff | Posted 03.13.2013 | Business
Mark Gongloff

Because sometimes seven and a half things are just not enough things to know, here are a few more:

The Hangover From America's Bailout Party (VIDEO)

Don McNay | Posted 05.25.2011 | Business
Don McNay

For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.

America's Hangover From the Bailout Party

Don McNay | Posted 05.25.2011 | Books
Don McNay

I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.

There's a New AIG Story. I Was an AIG Exec. Here's the Deal.

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

It turns out that AIG reportedly wanted to pay 60 cents on the dollar for Abacus deals it had insured, but Geither's New York Fed directed them to pay the full amount.

New York Times Does Not Understand Main Street

Don McNay | Posted 05.25.2011 | Media
Don McNay

Reporting that Main Street was complicit in the financial meltdown is like blaming a murder victim for being in the wrong place at the wrong time.

Arthur Delaney

Barofsky To Announce Counterparty Audit

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

Government-appointed TARP watchdog Neil Barofsky said a Senate hearing Tuesday that he plans to review AIG's payments of billions in taxpayer bailout ...

The Real Crime in the Bailout -- Naked CDS Deals

Cenk Uygur | Posted 05.25.2011 | Business
Cenk Uygur

I would love for Tim Geithner or anyone else in the administration or Congress to explain why they think these naked Credit Default Swaps must be paid off.

AIG Plutocrats Pilfer the Public

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

What is scandalous is not only the US$165 million in AIG bonuses. It's the US$180 billion which has been shoveled into AIG by taxpayers to date, funds...