Tag: aig

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Bruce Berkowitz on Why he Likes $AIG

Bruce Berkowitz’s Fairholme fund, is up almost 30%, after a disastrous 2011. Berkowitz’s fund under-performed in 2011 due to large positions in financials. With financials rallying this year, the pendulum has swung in the opposite direction. Berkowitz is the largest of AIG after the US […]

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Why Auditors Should be Rotated

There is a proposal afoot to mandate auditor rotation every fiver years or so.  Some don’t like it.  I think it is a great idea, with large benefits relative to the costs. My insights, or lack thereof come from working […]

By American International GroupSVG version by JBarta (http://www.aig.com) [Public domain], via Wikimedia Commons

AIG Repaying Government for Bailout

Insurance behemoth, American International Group (NYSE:AIG), has been looking for ways it can pay back the US government for bailout money that it received back in 2008.  As of late, AIG is looking to raise $6 billion by reducing stake […]

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Fed Has Its Pet Banks – Not Done Yet!

  Holding themselves to a high model of transparency, the Federal Reserve may have slipped in this short new year. Its Federal Bank of New York has been accused of showing favoritism to certain banks and shutting others out in […]

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Jamie Dimon “Impact of Greek Default on US Banks Zero”

The impact of a Greek default on American banks would be negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises […]

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One Goldman Sachs Conspiracy Theory Put To Rest

Approximately two months ago Hank Greenberg( former CEO of AIG) came out with some nasty comments regarding Goldman Sachs. I was immediately inspired to write an article on Seeking Alpha about the hypocrisy of Hank Greenberg attacking Goldman Sachs(the article is […]