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Greenberg: AIG's Risky Subprime Activity 'Exploded' After He Left

National News • October 10, 2008
American International Group's (AIG) exposure to the subprime mortgage market that precipitated the government's $85 billion bailout came as a result of business conducted after he left the ...

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Subject: Greenberg' position on single family loans.

Posted On: October 13, 2008, 11:53 am CDT
Posted By: Danny
Comment:
I'm with a company that placed Fannie Mae Multifamily swaps with AIG up until 1997. None of these have ever defaulted. They never would do single family swaps because Mr. Greenberg would not approve them, mainly because of their LTV, over 80% and the minimum underwriting criteria forced on Fannie Mae by congress for moderate income loans. Greed forced Mr. Greenberg out because he wouldn't change his way of doing business to make the board richer than they already were.
Subject Posted By Posted On
RE: Glass-Steagall Act Matt
Oct 13, 2008, 2:01 pm
Greenberg' position on single family loans. Danny
Oct 13, 2008, 11:53 am
RE: RE: RE: Spitzer was right after all Greenberg Supporter
Oct 13, 2008, 10:46 am
Glass-Steagall Act Know your history
Oct 13, 2008, 9:07 am
RE: RE: Spitzer was right after all Matt
Oct 13, 2008, 8:29 am
It's the Culture Outside looking In
Oct 12, 2008, 9:37 pm
RE: Spitzer was right after all Long-Term-Investor
Oct 11, 2008, 9:23 am
Hank (aka Alfred E Neuman) "what, me worry? anon the mouse
Oct 10, 2008, 3:35 pm
Poor Hank jimmy john
Oct 10, 2008, 3:05 pm
RE: No blame SPECTATOR
Oct 10, 2008, 2:40 pm
Spitzer was right after all greedy
Oct 10, 2008, 2:22 pm
No blame liz
Oct 10, 2008, 1:24 pm
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