Comments on: Regular pen pals: the SEC and AIG http://www.footnoted.com/buried-treasure/regular-pen-pals-the-sec-and-aig/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: tim http://www.footnoted.com/buried-treasure/regular-pen-pals-the-sec-and-aig/comment-page-1/#comment-9173 tim Tue, 25 Aug 2009 14:57:00 +0000 http://www.footnoted.com/?p=4176#comment-9173 "liquidity crunch" = writing "insurance" with no collateral ? anyway, at the link i ponder: To the uneducated, say someone like me, it appears AIG gave "x" number of employees early vesting, re: faster bonuses, at the same time they were trying to explain to the SEC why their hallucinogenic valuations of their credit default swap portfolio was $18B "off". Note the date of this correspondence? March 2008. i did not spend more time digging beyond that particular letter. “liquidity crunch” = writing “insurance” with no collateral ?

anyway, at the link i ponder:

To the uneducated, say someone like me, it appears AIG gave “x” number of employees early vesting, re: faster bonuses, at the same time they were trying to explain to the SEC why their hallucinogenic valuations of their credit default swap portfolio was $18B “off”.

Note the date of this correspondence? March 2008.

i did not spend more time digging beyond that particular letter.

]]> By: Michelle Leder http://www.footnoted.com/buried-treasure/regular-pen-pals-the-sec-and-aig/comment-page-1/#comment-9138 Michelle Leder Wed, 19 Aug 2009 19:39:02 +0000 http://www.footnoted.com/?p=4176#comment-9138 @zia44444: Sorry you disagree, but that's not the way I'm reading it. And, next time you get the urge to post a nasty comment on my site, please stop, think about it for a moment and use spellcheck since footnoted readers tend to be a bit more intelligent than the typical blog reader. @zia44444: Sorry you disagree, but that’s not the way I’m reading it. And, next time you get the urge to post a nasty comment on my site, please stop, think about it for a moment and use spellcheck since footnoted readers tend to be a bit more intelligent than the typical blog reader.

]]> By: zia4444 http://www.footnoted.com/buried-treasure/regular-pen-pals-the-sec-and-aig/comment-page-1/#comment-9137 zia4444 Wed, 19 Aug 2009 19:16:11 +0000 http://www.footnoted.com/?p=4176#comment-9137 In Barney Frank’s words: “What planet do you spend your time on”, you you understand the business you are writing about? because what AIG said was absolutely accurate and is still completely accurate. It was the liquidity crunch that cause the down fall and all those credit securities are safe with the Government in the shape of Maidenlane II and III. Next time you get the urge to make a fart like this, please stop, think and then dont. In Barney Frank’s words: “What planet do you spend your time on”, you you understand the business you are writing about? because what AIG said was absolutely accurate and is still completely accurate. It was the liquidity crunch that cause the down fall and all those credit securities are safe with the Government in the shape of Maidenlane II and III. Next time you get the urge to make a fart like this, please stop, think and then dont.

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