AIG bailout terms News

Greenberg Upset Win in AIG $25 Billion Bailout Trial Possible

Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month ago. Boies, representing …

Government Prepares Defense in AIG Bailout Trial

David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case that the U.S. cheated American International Group Inc. shareholders of at least $25 billion partly for the benefit of an …

AIG Ex-CEO Liddy Defends Closeness with Government During Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy defended his decision to work closely with the government at the time of the company’s 2008 bailout, saying he hoped to win concessions on the harsh terms of an $85 …

AIG Ex-CEO Liddy Testifies on Role in Bailout

Former American International Group Inc. Chief Executive Officer Edward Liddy testified he chose not to buck government overseers who selected him to run the bailed- out insurer. Developing trust with regulators was for the “benefit of AIG,” he told the …

AIG Bailout Trial Shifts to Former AIG Executives, Other Regulators

The trial over the American International Group Inc. bailout shifts this week from the architects of the 2008 rescue, who spent days testifying as to why they imposed the terms they did on the ailing insurer, to the executives who …

Bernanke Denies Bailout Terms Were Meant to Punish AIG

Former Federal Reserve Chairman Ben Bernanke said he wasn’t looking to punish American International Group Inc. for mismanagement when the board of governors authorized an emergency loan to the distressed insurer at a steep interest rate and with a demand …

Bernanke Defends AIG Bailout Terms; Judge Opens Fed’s ‘Doomsday Book’

Former Federal Reserve Chairman Ben Bernanke defended the sterner treatment of American International Group Inc. in the 2008 bailout compared with how investment banks were handled, saying the rescue of the insurer had a different purpose. Maurice “Hank” Greenberg’s Starr …

Unfamiliar Fed Saw ‘Exceptional’ Risks in AIG Situation, Says Geithner

American International Group Inc.’s unique set of risks was seen by one of the primary orchestrators of its rescue as requiring tough conditions that included the government’s taking most of the insurer’s stock. The fight over whether those terms were …

Was AIG’s High Bailout Loan Rate Forced by Regulators?

A “crazily high” interest rate levied on American International Group Inc.’s $85 billion bailout loan may have been forced on the Federal Reserve Bank of New York by other regulators, according to evidence presented at a trial over the government’s …

Geithner Expected to Testify on AIG Bailout Rate

Federal regulators cut a “loan sharky” interest rate on an $85 billion bailout loan to American International Group Inc. because it contributed to a debt service problem that threatened the insurer’s credit rating, the top lawyer for the Federal Reserve …