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AIG Reports $24B Loss in Q3; Claims 'Strong' Client Retention

National News • November 10, 2008
Giant financially-troubled insurer American International Group Inc. posted its largest-ever quarterly loss today-- $24.47 billion -- as the damage from write-downs on assets related to subprime ...

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Subject: RE: AIG AND WHO EVER ELSE!!!!!

Posted On: November 11, 2008, 8:38 pm CST
Posted By: if any
Comment:
Prosecutors said the defendants participated in a scheme in which AIG paid Gen Re as part of a secret side agreement to take out reinsurance policies with AIG in 2000 and 2001, propping up its stock price and inflating reserves.

Reinsurance policies are backups purchased by insurance companies to completely or partly insure the risk they have assumed for their customers.

General Re is part of Berkshire Hathaway Inc., which is led by billionaire investor Warren Buffett of Omaha, Neb.

Droney requested more written information from both sides by the end of next week before he quantifies loss and determines what, if any, restitution the defendants must pay. A sentencing date has not been set.
Subject Posted By Posted On
RE: AIG AND WHO EVER ELSE!!!!! if any
Nov 11, 2008, 8:38 pm
RE: RE: AIG AND WHO EVER ELSE!!!!! HARDWORKING BUT
Nov 11, 2008, 8:33 pm
RE: AIG AND WHO EVER ELSE!!!!!
Nov 11, 2008, 8:31 pm
AIG AND WHO EVER ELSE!!!!!
Nov 11, 2008, 8:25 pm
RE: RE: AIG Hank
Nov 11, 2008, 3:51 pm
RE: AIG Ms. Obvious
Nov 11, 2008, 7:10 am
RE: AIG market watch
Nov 10, 2008, 11:03 pm
AIG tiger
Nov 10, 2008, 8:48 pm
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