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Black lung investigation honored

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Former subprime executive making risky loans again

By Daniel Wagner

Andy Pollock, who led First Franklin's bad loan factory, is pushing interest-only loans at new firm.

Excerpts from this story referencing "AIG":

"… among the highest foreclosure rates in hard-hit cities. Lawsuits filed by AIG and others quoted former First Franklin underwriters calling its loan prac …"

Rising caseload, fewer Labor Department judges triggers painful mix for suffering laborers

By Jim Morris

A federal worker compensation program once viewed as a model now suffers rising caseloads — but fewer judges, triggering frustration.

Excerpts from this story referencing "AIG":

"… ngshore claim in May 2010. SEII’s insurer, Chartis, a subsidiary of AIG, contested it, denying that the lung and heart problems Ratliff had develo …"

"… pree, representing Ratliff’s estate, and Chartis — now known simply as AIG — settled the case for $75,000, which went to Bouhout, Ratliff’s named …"

"… ly payments — now up to $1,180 — from his former employer’s insurer, AIG, which also must pay for doctor visits and medication. In August, a lawye …"

"… h also must pay for doctor visits and medication. In August, a lawyer for AIG filed a petition for modification with the Labor Department, saying a “m …"

Ex-SEC chief now helps companies navigate post-meltdown reforms

By Lauren Kyger, Alison Fitzgerald and John Dunbar

Former regulators profit from their experience with jobs, book deals and speaking fees.

Excerpts from this story referencing "AIG":

"… ties in enforcement actions,’’ he said.  The agency in 2006 fined AIG $800 million, the largest penalty in SEC history. Cox, an appointee of Pr …"

"… mportant events that rattled markets — Bear Stearns, Lehman Brothers and AIG — could have been handled very differently, with far less impact on the …"

"… letting Lehman Brothers go bankrupt and later bailing out insurance giant AIG. In speeches and testimonies during and following the crisis, Geithner sa …"

"… rs. On Sept. 15, 2008, the same day Lehman Brothers filed for bankruptcy, AIG was on the brink of collapse after insuring billions of dollars-worth of c …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "AIG":

"… loans from 2006 and 2007 among the worst in the country. Lawsuits filed by AIG and others who bought the loans quoted former First Franklin underwriters …"

"… he ashes of one of American International Group’s subprime subsidiaries. AIG is the global insurance giant that received the biggest single taxpayer ba …"

"… efore the crisis. Schiano ran Wilmington until 2007, despite selling it to AIG subsidiary American General Finance for $121 million in 2003. In 2010, Wil …"

"… neral Finance for $121 million in 2003. In 2010, Wilmington and another of AIG’s companies paid $6.1 million to settle charges by the Justice Departmen …"

New whistleblower cases allege continued bank fraud

By Amy Biegelsen and Emma Schwartz

Mortgage modifications and appraisal processes in question

Excerpts from this story referencing "AIG":

"… nt after alerting top management that the homeowner was an underwriter for AIG and presented an elevated risk of litigation.Another whistleblower case fi …"

Reform reading: Fed reveals details about $3 trillion in emergency loans

By Julie Vorman

A roundup of news and commentary to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law....

Excerpts from this story referencing "AIG":

"… s.During the 2008-09 financial meltdown, the identities of insurance giant AIG’s counterparties remained a closely-guarded secret despite Senate Bankin …"

"… despite Senate Banking Committee attempts to pry loose the names. Many of AIG’s trading partners benefitted from the company’s $180 billion taxpayer …"

"… pany’s $180 billion taxpayer bailout because U.S. regulators feared that AIG’s collapse would shake Europe’s financial stability. By creating what …"

"… The CBO says it's because of improvements at General Motors, Chrysler, and AIG, and additional repurchases of preferred stock by banks that received TARP …"

Recommended reading: No prosecutions, no extra budget, so why not start a hedge fund?

By Julie Vorman

A roundup of recent news articles to help consumers monitor the transparency and accountability of the Dodd-Frank financial reform law ...

Excerpts from this story referencing "AIG":

"… behind bars for their role in the mayhem at Lehman Brothers, Bear Stearns, AIG, or Fannie Mae.The New York Times’ White Collar Watch suggests one reaso …"

WaMu bank executives aware of rampant fraud

By David Heath

WaMu bank executives aware of rampant fraud but failed to act

Excerpts from this story referencing "AIG":

"… ge had among the worst default rates on loans in the industry, so bad that AIG at one point refused to insure their mortgage-backed securities. In 2003, …"

WaMu bank executives aware of rampant fraud

By David Heath

WaMu executives knew of fraud yet they failed to act, Senate investigation finds

Excerpts from this story referencing "AIG":

"… ge had among the worst default rates on loans in the industry, so bad that AIG at one point refused to insure their mortgage-backed securities. In 2003, …"

Another Wall Street bonus tax falters in Congress

By Ben Protess

Bill faces industry opposition and skepticism from New York senators

Excerpts from this story referencing "AIG":

"… have grappled with the bonus issue for months. Last March, in the wake of AIG’s payout of about $150 million in bonuses, the U.S. House overwhelmingly …"

Top derivatives regulator: 'We haven’t filled the gaps'

By Ben Protess and Lagan Sebert

Top commodities regulator says U.S. financial system still 'vulnerable'

Excerpts from this story referencing "AIG":

"… acked securities, drove the financial tailspin of the insurance giant AIG.Since last year’s calamity, the nation’s five largest commercial banks …"

No. 18 of The Subprime 25: American General Finance Inc./American International Group Inc. (AIG)

Total high-interest loans 2005-2007: At least $21.8 billion

Excerpts from this story referencing "AIG":

"… Federal bailout money received: The government has thus far approved for AIG about $187 billion in various forms of federal loans, guarantees, and dire …"

"… oans for more than 80 years. In August 2001, American International Group (AIG) acquired the company. AIG is known as an insurance company and dealer in …"

"… . In August 2001, American International Group (AIG) acquired the company. AIG is known as an insurance company and dealer in complex credit derivatives, …"

"… , American General Finance has been owned by American International Group (AIG). In addition, Wilmington Finance Inc. and MorEquity were both subprime le …"

Obama top recipient of AIG's hefty campaign contributions

By Kat Aaron

The American International Group, more commonly known as AIG, has become the poster child for the financial bailout. The company has receive

Excerpts from this story referencing "AIG":

"… sponsive Politics. …"

"… loyees — many of whom worked in the insurance giant’s financial arm.As AIG CEO Edward Liddy told a House Financial Services subcommittee earlier this …"

"… payment of large bonuses to people in the very unit that caused so much of AIG’s financial trouble does not sit well with the American taxpayer, and fo …"

"… tors and the public learned that $58 billion of the bailout money given to AIG was handed over to foreign banks, as payment on the credit default swaps c …"

Carbon as a commodity

By Marianne Lavelle

Can a $2 trillion 'cap and trade' market fight climate change?

Excerpts from this story referencing "AIG":

"… eet banks like Goldman Sachs and JP Morgan Chase, insurance companies like AIG and private equity firms had virtually no reps on Capitol Hill working on …"

Counting on a new accounting

By Marianne Lavelle

It has to be one of the more obscure subjects ever addressed in a news release from a major presidential campaign. John McCain — who two wee

Excerpts from this story referencing "AIG":

"… has called for the SEC to suspend the rules, which he argues may have made AIG and Lehman Brothers look worse off than they were. Steve Forbes calls the …"

Defining the "fundamentals of the American economy"

By Kat Aaron

On September 15 — the day Lehman Brothers filed for bankruptcy protection, Merrill Lynch was purchased by Bank of America, and AIG faltered

Excerpts from this story referencing "AIG":

"… bankruptcy protection, Merrill Lynch was purchased by Bank of America, and AIG faltered — John McCain said in a speech that “the fundamentals of the …"