AIG: Before CDS, There Was Reinsurance (Part 2)
By the way, further to the post this AM, check out some of the work by my friend Lucy Komisar. She actually covered some of the ground in my post years ago, when doing so was very unpopular. Lucy is a very gutsy lady who is not afraid to challenge seeming authority. We need to all do more of that.
http://thekomisarscoop.com/2008/12/19/aigs-past-could-return-to-haunt/
http://thekomisarscoop.com/2005/03/17/the-fall-of-a-titan/
http://thekomisarscoop.com/2004/12/22/take-the-money-and-run-offshore/
http://thekomisarscoop.com/2004/11/01/cooking-the-insurance-books/
Best,
Chris Whalen






April 4th, 2009 at 2:31 pm
Good stuff, Chris.
That stuff about captive insurance companies in Bermuda was frightening. 1800 companies! Many of them Fortune 500!