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Keyword: aig

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  • Why is the DOD obscuring the cause of death of Thomas Boyle?

    05/07/2017 6:45:18 AM PDT · by Mrs Boyle · 7 replies
    The Post & Email ^ | March 2016 | Sharon Rondeau
    Nearly four years later, Boyle’s widow, Pauline, has not been told definitively by the Defense Department how he died, which she believes is a result of fratricide resulting in insurance fraud facilitated by the DOD. Several online obituaries do not state the cause of his death. On June 21, 2012, The Chicago Tribune reported that Boyle “apparently died from gunfire.” “I have three death certificates that have three causes of death,” Boyle’s wife Pauline told The Post & Email in a recent interview.
  • Report: Jeb Bush’s Wall Street Donations Plummet 85 Percent

    02/17/2016 8:10:43 PM PST · by kevcol · 23 replies
    CBS New York ^ | February 17, 2016 | staff
    big donations from Wall Street to Bush's super PAC Right to Rise dropped by 85 percent in the second half of 2015. Funding would've plummeted to 95 percent if not for the $10 million gift from former AIG CEO Hank Greenberg. . . Wall Street donors now appear to be backing Sen. Marco Rubio and Ohio Gov. John Kasich.
  • Hank Greenberg Distances Himself From Bush PAC Donation (+ Fox News gets new $4M ad buy from RTR)

    01/08/2016 8:01:56 AM PST · by jimbo123 · 8 replies
    Fox Business ^ | 1/7/16 | Charlie Gasparino
    Billionaire businessman Maurice "Hank" Greenberg backed away from an alleged $10 million contribution he was said to have made to a PAC affiliated with the presidential campaign of former Florida Governor Jeb Bush.
  • Too Big to Fail is a Failure

    07/24/2015 10:23:44 AM PDT · by Academiadotorg · 5 replies
    Accuracy in Academia ^ | July 24, 2015 | Spencer Irvine
    Five years after President Obama signed it into law to address America’s financial crisis, the Dodd-Frank Act and the federal regulations that followed from it are relatively unknown by at least one-third of normal Americans. At the Heritage Foundation last Wednesday, University of Virginia Law School dean Paul Mahoney pointed out how Dodd-Frank allows a class of creditors to have access to their funds when a bank is going bankrupt. Short-term creditors, who often “run for the exits” when a crisis emerges, can now can “get access to all their funds” under Dodd-Frank. Usually, all creditors would have to wait...
  • In Dramatic Decision Judge Finds Fed Bailout Of AIG Was "Illegal", Government "Violated Federal

    06/15/2015 5:16:28 PM PDT · by Nachum · 24 replies
    Zero Hedge ^ | 6/15/15 | Tyler Durden
    Earlier today, former AIG head Hank Greenberg's long-running legal battle of the US government came to a dramatic end when in a 75-page ruling, U.S. Court of Claims Judge Thomas Wheeler found that Greenberg was indeed correct in claiming the government overstepped its legal boundaries in its "unduly harsh treatment of AIG in comparison to other institutions" which was "misguided and had no legitimate purpose." But because “the question is not whether this treatment was inequitable or unfair, but whether the government’s actions created a legal right of recovery for AIG’s shareholders" Wheeler found that Greenberg was not owed any...
  • Judge: Feds overstepped with AIG bailout

    06/15/2015 11:23:35 AM PDT · by Theoria · 11 replies
    The Hill ^ | 15 June 2015 | Peter Schroeder
    A court ruled Monday that the federal government was “unduly harsh” in its takeover of AIG during the financial crisis, but refused to award the company’s former head any damages. The ruling draws to a close the high-profile lawsuit against the federal government, brought by Maurice "Hank" Greenberg, the former head of the insurance giant, and other AIG shareholders under the umbrella of Starr International. In his ruling, Judge Thomas Wheeler determined the federal government violated the Constitution by stepping in and effectively seizing the insurance company during the crisis, even if the takeover was intended to save the company...
  • Democratic (and Obama) Fund-Raiser Nemazee Indicted In $292 Million Fraud

    09/21/2009 3:33:07 PM PDT · by pissant · 86 replies · 4,048+ views
    NasDaq ^ | 9/21/09 | Chad Bray
    NEW YORK -(Dow Jones)- New York businessman and prominent Democratic fund- raiser Hassan Nemazee was indicted Monday for allegedly defrauding three banks out of $292 million in loans. Nemazee, 59 years old, was charged with aggravated identity theft and three counts of bank fraud in the indictment. Each bank fraud count carries a term of up to 30 years in prison. A lawyer for Nemazee didn't immediately respond to a request for comment. Nemazee, who was involved in various presidential campaigns and once served as finance chairman of the Democratic Senatorial Campaign Committee, was initially charged criminally in August related...
  • Twelve Major Brands That Will Disappear

    A number of well-known brands disappeared in the last year in large part due to economic forces. Many of them were in the retail industry, led by Circuit City. ATA and Aloha airlines are gone. Gateway Computers has effectively disappeared after being bought by Acer. It still has a website, but the brand is no longer marketed. As the recession deepens and stretches out quarter after quarter, more companies will close or will shut divisions. More brands will disappear because their parents firms fold or can no longer afford to support them. Other brands will be obliterated by mergers. 24/7...
  • The Top 12 Brands Likely to Disappear

    04/25/2009 12:53:20 PM PDT · by SeekAndFind · 65 replies · 2,877+ views
    Seeking Alpha ^ | 4/25/2009
    As the recession deepens, economic forces continue to drive consolidation in the retail industry, debt comes due and increasingly discerning consumers buckle down on discretionary spending, an analysis by 24/7 Wall Street predicts that a number of well-known brands are likely to disappear before the end of 2010. To determine which brands are most likely at risk, 24/7 Wall Street examined 100 large brands it believes are in trouble and, for each, looked at public financial records, sales information, analyses from industry experts, the competitive landscape in each’s industry and the likelihood that a brand could be sold off in...
  • Paulson testifies that AIG bailout was designed to be punishment

    10/22/2014 8:48:51 AM PDT · by Lorianne · 5 replies
    GOP USA / AP ^ | 07 October 2014
    The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry Paulson said in U.S. court Monday. The $85 billion loan package extended to AIG — then reeling from the financial and housing crisis — gave the government control of 80 percent of its stock. Unlike other major financial firms rescued in the middle of the worst economic downturn in roughly 80 years, Paulson said that AIG shareholders should have faced punishment for their troubled balance sheet as part of any rescue.
  • AIG Bailout Trial Bombshell III: Paulson Lied to Congress About TARP

    10/21/2014 7:01:47 PM PDT · by Lorianne · 39 replies
    Naked Capitalism ^ | 17 October 2014 | Yves Smith
    I’ve gone through only the first day of testimony from the AIG bailout trial, and we are already up to our third bombshell. The first witness called by the plaintiff, Starr International (an investment vehicle controlled by Hank Greenberg), was Scott Alvarez, general counsel for the Federal Reserve Board of Governors. Part of the testimony covered a discussion that took place late in the evening of September 15, the day Lehman declared bankruptcy in the wee hours of the morning. The topic was AIG. The participants included Alvarez, Timothy Geithner, Fed governors Don Kohn and Kevin Warsh, Ken Wilson, a...
  • The new AIG lawsuit should enrage every American taxpayer

    10/08/2014 8:42:41 PM PDT · by Lorianne · 12 replies
    Market Watch ^ | 07 October 2014 | David Weidner
    Imagine you have a friend who drinks a lot and often. Until now, they always seem to have a good time. He tells the best stories, gets all the girls. He’s the life of the party. Then, one day, he wrecks his car. And you and some buddies, who happened to be in the neighborhood, see your pal trapped. Of course, you rush to the rescue. You try to break open the door with a tire iron. Ultimately, you smash the window and pull the poor fellow out. And just when you’d think this guy would sober up and see...
  • Geithner grilled in court over AIG bailout

    10/07/2014 10:36:20 PM PDT · by Olog-hai · 10 replies
    Associated Press ^ | Oct 8, 2014 12:25 AM EDT | Marcy Gordon
    Timothy Geithner, a key player in the U.S. government’s 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant’s former CEO over the handling of the rescue. On Tuesday, Geithner affirmed his belief that the bailout was needed to avert disaster for the financial system. Geithner was president of the New York Federal Reserve at the time of the rescue and later Treasury secretary. …
  • Ken Ham Responds to 'Anti-Creationist' Rachel Maddow 'Rant'

    05/29/2014 7:46:50 AM PDT · by SeekAndFind · 52 replies
    Christian Post ^ | 05/29 | BY STOYAN ZAIMOV
    Creation Museum CEO and President Ken Ham responded to what he called an "anti-creationist rant" by MSNBC host Rachel Maddow, who criticized the $43 million in Kentucky tax incentives being given to his ministry's full-sized Noah's ark attraction. "Rachel Maddow just went on a long anti-creationist rant on MSNBC (for anyone who still happens to watch low-rated MSNBC) as she commented on the Creation Museum's new Allosaurus fossil (she showed photos of our new exhibit)--then she mocked our Ark Encounter project--actually spent quite a lot of time mocking and scoffing, and totally misrepresented how the construction of the Ark is...
  • Why You Should Visit AIG's Creation Museum

    05/26/2014 12:35:39 PM PDT · by SeekAndFind · 15 replies
    The Creation Museum in Kentucky is a treat for the whole family.Answer in Genesis (AIG) built its Creation Museum in 2007 and has now counted its two millionth visitor. Not far from the Cincinnati airport, and within a day’s drive of almost 2/3 the US population, the 70,000 square foot facility is located on spacious grounds that offer enough opportunities to keep children, teens, college students and adults occupied for a good two days. Now, AIG is embarking on an even more ambitious project: Ark Encounter, on a separate property, that will feature a full-size Ark, a Tower of...
  • Ken Ham Explains Why AiG Is Building a Giant Ark Instead of Spending Money to Feed the Hungry

    03/04/2014 6:53:38 PM PST · by SeekAndFind · 74 replies
    Christian Post ^ | 03/04/2014 | Stoyan Zaimov
    Ken Ham of the Creation Museum has taken to Facebook to address criticism over Answers in Genesis' multimillion dollar project to build a life-sized replica of Noah's ark, explaining why the money isn't going to feed hungry people instead. "I haven't yet seen any articles/blogs/posts directed at Paramount about the $300 million dollars (over 4 times more than the Ark project), they spent on a fictional movie only for entertainment – why aren't they being told by the same people they should be spending this money on feeding the hungry," Ham wrote in a post on Monday, referring to the...
  • Washington & Wall Street: Too Big to Fail and the Detroit Bankruptcy

    12/30/2013 2:49:03 PM PST · by george76 · 9 replies
    Breitbart ^ | 27 Dec 2013 | Christopher Whalen
    the bogey man known as “systemic risk” to gain advantage over the other creditors . ... In order for the OTC casino to work, the derivatives contracts had to be given special priority in bankruptcy. Speculative derivative instruments such as credit default swaps (CDS), which caused the failure and government bailout of American International Group, could never exist in significant size were in not for the safe harbor from bankruptcy for derivatives created by Congress in the 1980s and 1990s. Members of Congress from both parties were paid very well for their treachery. ... The intellectual author of the “systemic...
  • The FSOC Expands 'Too Big To Fail'

    07/22/2013 6:54:49 AM PDT · by george76 · 9 replies
    American Enterprise Institute. ^ | July 18, 2013 | Peter J. Wallison
    The FSOC’s decision to expand the too-big-to-fail designation to nonbank firms will be seen as the most damaging action taken under Dodd-Frank. It was no surprise that the Financial Stability Oversight Council (FSOC) decided last week to cite a number of nonbank firms as systemically significant, placing them in line for greater regulatory scrutiny by the Federal Reserve. What was a surprise is that — in the midst of a huge outcry in Congress about banks that are too big to fail (TBTF) — neither Congress nor the administration asked the FSOC to stop the designation process until the too-big-to-fail...
  • Greenberg: Obama Administration Threatened AIG Over Bailout Lawsuit

    03/13/2013 9:03:36 PM PDT · by Nachum · 10 replies
    Breitbart ^ | 3/13/13 | Joel B. Pollak
    Former American International Group (AIG) CEO Hank Greenberg accused the Obama administration Wednesday of threatening the company not to join a class action lawsuit that he has brought against the federal government over the terms of the 2008 AIG bailout. Minutes of an AIG Board of Directors' meeting in January 2013 appear to support Greenberg's claim. Frances Bivens, the lawyer who represents the U.S. Treasury in the case, warned AIG's board that if it joined the lawsuit, the company could face "another wave of congressional investigations" and public embarrassment. Greenberg, who had left AIG by the time of the 2008...
  • U.S Gives Bailed Out Cos Millions in “Shameful” Bonuses

    01/29/2013 10:13:45 AM PST · by jazusamo · 3 replies
    Judicial Watch ^ | January 29, 2013
    While American taxpayers bail out failing companies via the $700 billion Troubled Asset Relief Program (TARP), behind the scenes the Obama Treasury Department is awarding their top executives with millions of dollars in raises even though Congress passed a law forbidding it. It’s an inconceivable scheme that rewards bad behavior with big bucks from taxpayers who have no say in the matter. In fact, the U.S. Treasury was forced by Congress to create rules against it yet a new federal audit reveals the agency repeatedly violates them to enrich the very people responsible for the companies’ failures (and need for...