Goldman Sachs Group Inc. and Societe Generale SA extracted about $11.4 billion from American International Group Inc. before the insurer’s collapse as the firms demanded to hold cash against losses on mortgage-linked securities, according to regulatory filings. Read more »
Insurers
[6.17.09]
US Insurers Press Case for Federal Regulation
Proponents of creating an optional federal charter for the insurance industry, which is currently regulated by the states, pressed their case Tuesday before a House panel.
The issue has split the industry, pitting life insurers and large property and casualty insurers against small and medium-sized P&C and mutually-owned companies. Read more »
[6.1.09]
[5.20.09]
[5.15.09]
[5.14.09]
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Bailout Watch is the cooperative project of six core organizations: Center for Economic and Policy Research, Economic Policy Institute, OMB Watch, OpenTheGovernment.org, Project on Government Oversight (POGO), Taxpayers for Common Sense. The site is now maintained by OMB Watch as a repository for major reports on TARP and the economic bailout.
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