NEW YORK (CNNMoney) — The former head of the American International Group sued the U.S. government for $25 billion on Monday, claiming officials should have bailed out AIG instead of taking it over. (more)
A beleaguered business deal in Taiwan has some financial analysts wondering whether bailed-out insurance giant American International Group (AIG) even cares about paying back the $20 billion it owes taxpayers. (more)
A group of three conservatives on President Obama’s financial crisis inquiry commission called the final report of the panel “unbalanced” and “incorrect,” in a 27-page dissent from the more than 500-page document endorsed by a majority of members. (more)
NEW YORK (AP) — The government will wind down its largest and most complex rescue from the 2008 financial crisis, a $182 billion package to save insurer AIG, by selling stock over the next two years. The plan could net taxpayers billions in profits. (more)
Speaking for the President of the United States on ABC’s This Week, CEA Chairman Austan Goolsbee launched this analysis of the upcoming need to raise the limit on federal debt: (more)
As friends and colleagues from four decades of diplomatic life reflected on the intensity of Richard C. Holbrooke’s dedication, many were not surprised to learn that concerns about the Afghanistan war were apparently among his final thoughts. (more)
Veteran U.S. diplomat Richard C. Holbrooke, 69, whose relentless prodding and deft maneuvering yielded the 1995 Dayton peace accords that ended the war in Bosnia, a feat he hoped to emulate as President Obama’s chief envoy to Afghanistan and Pakistan, died Monday in Washington from complications following surgery to repair a torn aorta. (more)
The Federal Reserve, under orders from Congress, today named the counterparties of about 21,000 transactions from $3.3 trillion in aid provided to stem the worst financial panic since the Great Depression. (more)
In its ongoing effort to repay taxpayers, bailed-out insurance giant American International Group in recent days has raised nearly $37 billion through the sale of one of its premier subsidiaries and the initial public offering of another. (more)
Believe it or not, with jobs falling for four consecutive months and unemployment stubbornly high near 10 percent, President Obama is out on the campaign trail bashing businesses and promoting class warfare. Huh? Oh my gosh is he off message. (more)
The American International Group said Thursday that it had reached an agreement in principle to repay the Federal Reserve Bank of New York for the company’s 2008 rescue, and to gradually return the ownership of its stock to the public markets. (more)
American International Group Inc. and its government overseers are in talks to speed up an exit plan designed to repay U.S. taxpayers in full while enabling the giant insurer to regain independence, according to people familiar with the matter. (more)
(Reuters) – Shareholders may soon get more power to shake up corporate boardrooms in the U.S. after the financial crisis exposed glaring weaknesses in how companies were managed. (more)
American International Group Inc., the insurer that turned over a majority stake to the U.S. as part of its bailout, is in talks with regulators to become independent, Chief Executive Officer Robert Benmosche said. (more)
Federal probes of the collapsed mortgage-bond boom are shedding light on how Wall Street firms sometimes created securities and sold them to one set of investors, while advising others to bet against them. (more)
NEW YORK — American International Group Inc. said late Wednesday that Harvey Golub resigned as chairman, citing a bad working relationship with CEO Bob Benmosche. (more)
WASHINGTON—Goldman Sachs Group Inc. executives defended valuations for credit-default swaps that were presented to American International Group Inc. during the financial crisis, saying they reflected actual market prices. (more)
A blue-ribbon panel investigating the financial crisis will put Goldman Sachs executives on the hot seat next week, along with officials from American International Group Inc., the big insurance conglomerate. (more)
Topics – Offloading Fannie and Freddie Woes to Banks, Brokers New Duty, GM IPO – Soon and Strange, AIG Seeking Buyers and Markets Down yet again. (more)
The Treasury secretary, Timothy F. Geithner, said on Tuesday that taxpayers were recovering their investment from the financial bailouts as the program is wound down. But he acknowledged there would probably be a loss from the rescue of the insurer, American International Group. (more)

























