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Real Estate News Releases
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(CHARTPOPPERS.COM, January 14, 2010 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company American International Group. (NYSE: AIG)
The Consolidated Investment Analysis on American International Group. (NYSE: AIG) will be in particular interest to other competing companys within in its sector, such as Bank of America (NYSE: BAC), Hartford Financial Services (NYSE: HIG) and Allied World Assurance. (NYSE: AWH)
American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad. AIGÂ’s primary activities include both General Insurance and Life Insurance & Retirement Services operations. Other significant activities include Financial Services and Asset Management. The Company operates in four segments: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.
Recent News on American International Group. (NYSE: AIG)
The chairman of a U.S. congressional panel said on Wednesday he wants all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.
Geithner was the president of the New York Fed in September 2008, when the government stepped in to rescue American International Group at a cost to taxpayers of $180 billion.
House of Representatives Oversight Committee head Edolphus Towns has called the Fed's decision to compensate in full firms that had contracts with AIG, a "backdoor bailout." He said he has also subpoenaed Geithner's e-mails, phone logs and meeting notes about the decisions surrounding public disclosure of the counterparty payments.
New York Fed President William Dudley defended the central bank's actions surrounding the AIG rescue, saying the firm's collapse would have triggered a devastating cascade of failures.
"AIG was a building on fire," he said in an interview with Nightly Business Report on PBS. "We have acted completely in the spirit of the law, letter of the law, in everything that we've done."
Towns questioned why the Fed made full payments to some of the most profitable companies in the world when AIG was facing bankruptcy. He said AIG documents suggest the New York Fed wanted to keep details of the counterparty payments hidden.
"When average people were losing their homes and their jobs, the Bush Administration decided to use taxpayer dollars to give a backdoor bailout to the biggest players on Wall Street," Towns said.
"We need to understand why and how taxpayer dollars were used to bailout the same people who helped cause the financial crisis in the first place," the New York Democrat said.
Dudley said that when the government rescued AIG, it did not have the ability to decide who would lose money and who wouldn't.
"People are arguing that we were trying to cover up who benefited from AIG," he said. "But the fact is, it's very clear who was going to benefit from AIG not going bankrupt, all their counterparties - absolutely every last one."
To view the Consolidated Investment Analysis on American International Group. (NYSE: AIG) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
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Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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