Comments on: Mark It Zero: AIG Fraud Edition http://lolfed.com/2009/04/06/mark-it-zero-aig-fraud-edition/ Financial Humor, Political Jokes and LOLCats Tue, 15 May 2012 19:52:19 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kölnische Rück/Gen Re und Side Letters « Der Donhttp://lolfed.com/2009/04/06/mark-it-zero-aig-fraud-edition/#comment-2940 Kölnische Rück/Gen Re und Side Letters « Der Don Tue, 07 Apr 2009 07:08:07 +0000 http://lolfed.com/?p=3509#comment-2940 [...] The SEC fined them $10mil in 2003 for using this craftiness to help a communications company called Brightpoint inflate its earnings, and AIG-FP was investigated in 2004 for helping PNC Bank shift bad assets into a special-purpose entity (this ended in a deferred-prosecution agreement). Anyway, around ‘04 they decided the side letter jig was up… and AIG entered the CDS markets. [...] [...] The SEC fined them $10mil in 2003 for using this craftiness to help a communications company called Brightpoint inflate its earnings, and AIG-FP was investigated in 2004 for helping PNC Bank shift bad assets into a special-purpose entity (this ended in a deferred-prosecution agreement). Anyway, around ‘04 they decided the side letter jig was up… and AIG entered the CDS markets. [...]

]]> By: Davroshttp://lolfed.com/2009/04/06/mark-it-zero-aig-fraud-edition/#comment-2936 Davros Mon, 06 Apr 2009 18:12:56 +0000 http://lolfed.com/?p=3509#comment-2936 Wait? So all the recipients of AIGs TARP payouts (Goldman, Barclehs, Soc Gen) are crooks too? Oh happy day. Wait? So all the recipients of AIGs TARP payouts (Goldman, Barclehs, Soc Gen) are crooks too? Oh happy day.

]]> By: Tonyhttp://lolfed.com/2009/04/06/mark-it-zero-aig-fraud-edition/#comment-2935 Tony Mon, 06 Apr 2009 17:45:05 +0000 http://lolfed.com/?p=3509#comment-2935 Welcome to America... the finest government that corporate lobbying can buy! If anyone needs me on Saturday, I'll be at the protests. And you should be too. Welcome to America… the finest government that corporate lobbying can buy!

If anyone needs me on Saturday, I’ll be at the protests. And you should be too.

]]> By: liberalhttp://lolfed.com/2009/04/06/mark-it-zero-aig-fraud-edition/#comment-2933 liberal Mon, 06 Apr 2009 14:38:52 +0000 http://lolfed.com/?p=3509#comment-2933 "Insolvency and prison bitches, ahoy!" Would that it were so (the prison part). There's an interview with William Black over at TechTicker, where it's made pretty clear that the Feds don't have any interest in investigating all the fraud perpetrated during the bubble. (Black referred to _hundreds of thousands_ of cases of mortgage fraud.) “Insolvency and prison bitches, ahoy!”

Would that it were so (the prison part).

There’s an interview with William Black over at TechTicker, where it’s made pretty clear that the Feds don’t have any interest in investigating all the fraud perpetrated during the bubble. (Black referred to _hundreds of thousands_ of cases of mortgage fraud.)

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