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33. Collateral calls
8 months ago
Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor “collateral calls” -- demands made by banks on the insurance contracts it’s written. Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org/financialcrisis
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Joseph S.6 months ago -
bavb7 months ago -
Michael Fye8 months ago
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Pranger Prangerson8 months ago
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Lau Ardelean8 months ago -
L S Venkataramanan8 months ago -
citizenbirdtube8 months ago
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Stefan Lindskog8 months ago
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MY MY8 months ago
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Ramakant khandelwal 8 months agoI do not agree with your point - IF GM gets downgraded or becomes more risky, SAM asks for more collateral from AIG. I rather think that AIG should ask for more premium (fee) as the value of the underlying asset is going down, which is the GM bond in this case, but the insured value remains at $ 5 Mn. Let me know what you think. -
bavb 7 months agoAIG doesn't seem to have any problem breaking it's employer healthcare contracts with ordinary citizens. They are nickel and dime-ing people to death over $1,000 healthcare charges while honoring payouts of millions for these obscenely unethical credit default swaps and collateral calls. Truly breath-taking. Like WOW!
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