Posts Tagged ‘

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Dear AIG…

Posted by Stacy-Marie Ishmael on Mar 25 13:59. Comment.

The NY Times on Wednesday featured a strongly-worded and impassioned letter sent by Jake DeSantis, an executive vice president at AIG’s financial products unit to chief executive Edward Liddy.

Here’s the 1,500 word dispatch in full: More…

Point counter point: AIG, Goldman and the NYT

Posted by Sam Jones on Mar 16 12:17. Comment.

Does anyone care to remember this story on AIG, from the New York Times, back in September? More to the point, does anyone remember the trouble it caused?

It was one of a series of articles that appeared in the mainstream press contemporaneous to AIG’s bailout that dissected just what the insurer had been doing that made it so risky, More…