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33. Collateral calls
7 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 Fye7 months ago
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Pranger Prangerson7 months ago
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Lau Ardelean7 months ago -
L S Venkataramanan7 months ago -
citizenbirdtube7 months ago
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Stefan Lindskog7 months ago
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MY MY7 months ago
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Ramakant khandelwal 7 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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