TPM: Who are the AIG counterparties? Here are some...

[antigop]

http://tpmmuckraker.talkingpointsmemo.com/2009/03/who_are_the_aig_counterparties_here_are_some.php

Over at TPM, Josh has been doggedly highlighting the refusal of both AIG and the federal government to reveal the identity of AIG's counter-parties in its disastrous credit default swaps. And several lawmakers have in recent days pressed Tim Geithner and Ben Bernanke on the issue.

The question matters, of course, because AIG needed to make its most recent multi-billion dollar trip back to the public trough (that's over $160 billion in all for AIG, if you're counting) in order to pay back its creditors on those disastrous swaps -- and thereby, we're told, prevent a wider financial collapse. So identifying who those swaps were made with will tell us, in effect, who this latest portion of our money is ultimately going to.

It's worth noting, then, that, thanks to some great reporting from the Wall Street Journal and the New York Times, we do in fact have some preliminary information about who AIG's partners were on the swaps.

[girl gone mad]

1. UBS is one.

That's right. We're giving tens of billions of dollars to UBS while they refuse to give up the names of tens of thousands of wealthy tax dodgers.

[Jambalaya]

4. UBS and Phil Gramm

Little has been said in the media about Phil"Nation of Whiners" Gramm and his connection to UBS,Enron, Gramm-Leach-Bliely Act that FORESHADOWED the banking deregulations ALLOWING much of the abuses that are responsible for the Casino Capitalism of today.

Google UBS and AIG sometime,or Gramm and UBS.

UBS was AIG's firm of choice to market some of its toxic assets.

Gramm's wife Wendy was affiliated with Enron.

Gramm was McCain's head finance guy on his campaign last year.

[Jambalaya]

6. Timeline

Follow the timeline of this $$$ trail---------

UBS advising AIG on sale of private bank-source | Deals | Mergers ... Oct 10, 2008 ... NEW YORK, Oct 10 (Reuters) - Insurer American International Group Inc hired UBS to auction its Swiss-based private banking unit, AIG Private ...
www.reuters.com/article/mergersNews/idUSWEN902520081010 - 65k - Cached - Similar pages

UPDATE 1-Likely buyers of AIG assets face capital snags: UBS ... Oct 31, 2008 ... (Changes source, adds analyst’s comments, background)
www.forbes.com/feeds/afx/2008/10/31/afx5633040.html - 50k - Cached - Similar pages

UBS says American International Group has sufficient cash/collateral. to meet near-term capital needs ...
www.forbes.com/feeds/afx/2008/09/15/afx5422565.html - 51k - Cached - Similar pages

AIG appoints UBS to handle sale of its AIG Investments division ... Feb 4, 2009 ... TROUBLED insurer AIG , 80% of which is now owned by the US government, is looking to sell off its AIG Investments unit, said Dow Jones ...
www.idnewscentre.com/idnewscentre/doc.html;jsessionid=6D3E54E706489AA41435AA4142DC65AA?citat… - 43k - Cached - Similar pages

Bernanke Blasts AIG, Hearing Spotlights UBS Memo, Execs Profit Off ... Mar 4, 2009 ... Track Washington Post investigations and get updates on past investigative series from The Post. A blog about investigative journalism by ...
voices.washingtonpost.com/washingtonpostinvestigations/2009/03/bernanke_blasts_aig_hearing_sp.html - Similar pages~~~~~~~

[seemslikeadream]

2. AIG

AIG and Mena

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=125&topic_id=92675&mesg_id=96295





http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=5122129

US-AIG may give up control of Asia unit: sources/Shares of AIG tumbled 25 percent


http://uk.reuters.com/article/marketMovers/idUKN2440645520090224



U.S. stock market report <.N> 1043 ET 23Feb2009-AIG may give up control of Asia unit: sources
American International Group (AIG.N) may be willing to give up control of its prized Asian division, said sources with direct knowledge of the matter on Tuesday. The unit is worth about $20 billion.

The move comes as the company faces massive losses and is seeking additional funds.

According to the sources, AIG may consider a bid for a majority stake in American International Assurance Company Ltd if buyers submit a compelling offer. Previously, the company had been determined to cap the stake sale at 49 percent.

Shares of AIG tumbled 25 percent to 40 cents on Tuesday.

[DemReadingDU]

3. Great chart

Do you have a link?

[Jambalaya]

5. Qui bono?

Special Reports
The CIA -- Who is it benefiting? The American people or American corporations?
By Wayne Madsen

(WMR) -- On February 26, 2009, WMR reported on a major date that may bear great significance on the collapses, bailouts, and investigations of a number of major international firms tied to CIA covert activities.
Mar 6, 2009, 00:16__________________________________________________________


This is a TERRIFIC piece. Right on target with the issues being discussed here.

[tosh]

7. ultimately....

<snip>
"The American people have been subsidizing fraud through the covert operations of the CIA and the American people have been played for suckers by a cartoon-sounding collection of ne’er-do-wells with names like Buzzy, Scooter, Dusty, Cookie, Duke, Nine Fingers, and last, but not least, Poppy."

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and a link: http://onlinejournal.com/artman/publish/article_4446.shtml