Showing posts from November 3, 2009

Max Keiser on BBC Radio 5 Live November 3rd 2009 margin rate

Max Keiser talks about the margin rate as a solution on bbc radio five live
recorded on November 3rd 2009

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AIG Credit Default Swap Geithner Goldman Sachs Max Keiser Nov 2009

Geithner's crimes through AIG : will the truth come out?
Max Keiser and Stacy Herbert and Webster Tarpley talk about AIG being used by Tim Geither to line in the pockets of Goldman Sachs and others
recorded on October 31th 2009


Read The Bloomberg Article

New York Feds Secret Choice to Pay for Swaps Hits Taxpayers

By Richard Teitelbaum and Hugh Son

Oct. 27 (Bloomberg) -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-default swaps from AIG, according to a person who has worked with Habayeb.

Habayeb, 37, was chief financial officer for the AIG division that oversaw AIG Financial Products, the unit that had sold the swaps to the banks. One of his goals was to persuade the banks to accept discounts of as much as 40 cents on the dollar, according to people familiar with the matter.

Among AIGs bank counterparties …