Dear Mr Buffett

Dimon Said His Bear Stearns Sticky Bombs Are Worse Than Geithner's

Janet Tavakoli | Posted 05.25.2011

Read More: Blackrock, Term Securities Lending Facility, Jamie Dimon, Sempra, Volcker Rule, Paul Volcker, JPMorgan Chase, Dear Mr. Buffett, Rbs, Maiden Lane I, Extended Stay, Timothy Geithner, Bear Stearns, Hilton Hotels, Peleton, Tslf, Business News
Janet Tavakoli

Taxpayer subsidized cheap funding and looser accounting standards have allowed our largest banks to keep their Dorian Gray financial pictures behind a curtain and out of public sight.

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One Year Before Crisis, I Told Jamie Dimon and Warren Buffett AIG Had Serious Trouble (and Goldman Sachs Knew Too)

Janet Tavakoli | Posted 05.25.2011

Read More: Cdss, Sec, Goldman Sachs Alternative Mortgage Products, Societe Generale, Calyon, Cdos, Sigtarp, AIG Bailout, Jamie Dimon, Credit Default Swaps, Collateralized Debt Obligations, Wall Street Journal, Cover-Up, Aig, Goldman Sachs, JPMorgan Chase, Cliff Risk, Dear Mr. Buffett, Pricewaterhousecoopers, Warren Buffett, Pwc, Securities and Exchange Commission, David Reilly, Gsamp, Business News
Janet Tavakoli

The mark-to-market losses were just one part of the problem. AIG had a grave problem just from this position alone, and AIG had other serious problems.

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