Download or read book TARP and Other Government Assistance for AIG written by United States Senate and published by . This book was released on 2019-10-23 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: TARP and other government assistance for AIG: hearing before the Congressional Oversight Panel, One Hundred Eleventh Congress, second session, May 26, 2010.

Download or read book TARP and Other Government Assistance for AIG written by United States. Congressional Oversight Panel and published by . This book was released on 2010 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book TARP and Other Government Assistance for AIG written by United States. Congressional Oversight Panel and published by . This book was released on 2010 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program TARP written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2011-05 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assistance provided by the Dept. of the Treasury under TARP, and the Board of Governors of the Federal Reserve System to Amer. International Group, Inc. (AIG) represents one of the federal government's largest investments in a private-sector institution since the financial crisis began in 2008. AIG is a holding company that, through its subsidiaries, engaged in a broad range of insurance and insurance related activities in the U.S. and abroad. This report discusses: (1) trends in AIG's financial condition; (2) trends in the unwinding of AIG Financial Products and the financial condition of AIG's insurance companies; and (3) the status of the government's exposure to AIG. Charts and tables. This is a print on demand report.

Download or read book TARP and Other Government Assistance for AIG S Hrg 111 809 May 26 2010 111 2 Hearing written by and published by . This book was released on 2011* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Troubled Asset Relief Program TARP written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2010-10 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent financial crisis resulted in a wide-ranging fed. response that included infusing capital into several major corp. TARP has been the primary vehicle for most of these actions. The gov¿t. is a shareholder in AIG, Citigroup, Chrysler, and GM, among others. As market conditions have become less volatile, the gov¿t. has been considering how best to manage these investments and ultimately divest them. This testimony discusses: (1) the gov¿t¿s. approach to past crisis and challenges unique to the current crisis; (2) the principles guiding the Treasury¿s implementation of its authorities and mechanisms for managing its investments; and (3) preliminary views on the fed. government¿s monitoring and management of its investments.

Download or read book S Hrg 111 809 written by U.S. Government Printing Office (Gpo) and published by . This book was released on 2013-09 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States Government Printing Office (GPO) was created in June 1860, and is an agency of the U.S. federal government based in Washington D.C. The office prints documents produced by and for the federal government, including Congress, the Supreme Court, the Executive Office of the President and other executive departments, and independent agencies. A hearing is a meeting of the Senate, House, joint or certain Government committee that is open to the public so that they can listen in on the opinions of the legislation. Hearings can also be held to explore certain topics or a current issue. It typically takes between two months up to two years to be published. This is one of those hearings.

Download or read book Troubled Asset Relief Program TARP written by Timothy G. Massad and published by DIANE Publishing. This book was released on 2011-04 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: October 3, 2010 marked the second anniversary of the creation of TARP and the end of the authority to make new financial commitments. The government now has recovered most of the investments it made in the banks. Taxpayers will likely earn a profit on the investments the government made in banks and AIG, with TARP losses limited to investments in the auto industry and housing programs. Contents of this report: TARP Overview; Stabilization of the Financial Markets; TARP Program Descriptions; Retrospective on the TARP Housing Initiatives; Executive Compensation; U.S. Government as a Shareholder; Accountability and Transparency. Charts and tables. This is a print on demand edition of an important, hard-to-find report.

Download or read book Troubled Asset Relief Program Status of Government Assistance Provided to AIG written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2011-04 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 7th report on TARP focuses on the initial assistance the gov¿t. provided to Amer. International Group, Inc. (AIG) ¿ an org. with over 200 co. operating in over 130 countries and jurisdictions and $830 billion in assets ¿ in Sept. 2008 and the restructuring of that assistance in Nov. 2008 and March 2009. The unfolding crisis threatened the stability of the U.S. banking system and the solvency of a number of financial institutions, including AIG. This report describes: (1) the basis for the fed. assistance; (2) the nature and type of assistance and steps intended to protect the government¿s interest; and (3) selected indicators of the status of fed. assistance and AIG¿s financial condition. Charts and tables. This is a print on demand edition of an important report.

Download or read book Troubled Asset Relief Program written by U.s. Government Accountability Office and published by . This book was released on 2017-08-16 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Assistance provided by theDepartment of the Treasury(Treasury) under the TroubledAsset Relief Program (TARP) andthe Board of Governors of theFederal Reserve System (FederalReserve) to American InternationalGroup, Inc. (AIG)-a holdingcompany that, through itssubsidiaries, is engaged in a broadrange of insurance and insurancerelatedactivities in the UnitedStates and abroad-represents oneof the federal government's largestinvestments in a private sectorinstitution since the financial crisisbegan in 2008. Treasury and theFederal Reserve providedassistance to AIG in September2008 that was restructured inNovember 2008 and March 2009. Aspart of GAO's statutorily mandatedoversight of TARP, this reportupdates the risk and repaymentindicators GAO originally reportedin September 2009 (GAO-09-975).Specifically in this report, GAOdiscusses (1) trends in AIG'sfinancial condition, (2) trends inthe unwinding of AIG FinancialProducts (AIGFP), (3) the financialcondition of AIG's insurancecompanies, and (4) the status ofAIG's repayment of its federalassistance. To update theindicators, GAO primarily useddata as of December 31, 2009, andmore current publicly availableinformation; reviewed ratingagencies' reports; identified criticalactivities; and discussed them"

Download or read book Troubled Asset Relief Program TARP written by Lawrance L. Evans, Jr. and published by . This book was released on 2012-03-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assistance provided by the Treasury Dept. under TARP and by the Federal Reserve to the AIG represented one of the fed. government's largest investments in a private-sector institution. AIG is a holding co. that engages in a broad range of insur. and insur.-related activities in the U.S. and abroad. This report discusses: (1) the status of the government's exposure to AIG; and (2) trends in the financial condition of AIG and its insur. co. To update the indicators, the auditor used available public filings as of Dec. 31, 2011, and other publicly available info. as of March 31, 2012; reviewed rating agencies' reports; and identified critical activities and discussed them with relevant agency officials. Charts and tables. This is a print on demand report.

Download or read book Troubled Asset Relief Program The Government s Exposure to AIG Following the Company s Recapitalization written by Thomas J. McCool and published by DIANE Publishing. This book was released on 2011 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Assistance provided by the Dept. of the Treasury under the Troubled Asset Relief Program (TARP), and the Federal Reserve to Amer. International Group, Inc. (AIG) represented one of the federal government's largest investments in a private sector institution. AIG is a holding co. that engages in a broad range of insurance and insurance-related activities in the U.S. and abroad. This report updates a set of indicators last reported in Jan. 2011. Specifically, it discusses: (1) trends in the financial condition of AIG and its insurance companies; (2) the status of the government's exposure to AIG; and (3) trends in the unwinding of AIG Financial Products. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.

Download or read book Federal Financial Assistance written by and published by . This book was released on 2009 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Board of Governors of the Federal Reserve System (Federal Reserve) and the Department of the Treasury (Treasury) have made available over $182 billion in assistance to American International Group (AIG) to prevent its failure. However, questions have been raised about the goals of the assistance and how it is being monitored. Also, because AIG is generally known for its insurance operations, questions exist about the effect of the assistance on certain insurance markets. This statement provides preliminary findings on (1) the goals and monitoring of federal assistance to AIG and challenges to AIG's repayment of the assistance; and (2) the potential effects of the federal assistance on the U.S. commercial property/casualty insurance market. GAO's work on these issues is ongoing. To date, we have reviewed relevant documents on the assistance and ongoing operations of AIG, as well as documents issued by the Federal Reserve and Treasury. We also interviewed officials from these organizations as well as industry participants (competitors, brokers, and customers) and insurance regulators, among others. Federal financial assistance to AIG, both from the Federal Reserve and Federal Reserve Bank of New York through their authority to lend funds to critical nonbank institutions and from Treasury's Troubled Asset Relief Program (TARP), has focused on preventing systemic risk that could result from a rating downgrade or failure of AIG. The goal of the assistance and subsequent restructurings was to prevent systemic risk from the failure of AIG by allowing AIG to sell assets and restructure its operations in an orderly manner. The Federal Reserve has been monitoring AIG's operations since September, and Treasury has begun to more actively monitor AIG's operations as well. Although the ongoing federal assistance has prevented further downgrades in AIG's credit rating, AIG has had mixed success in fulfilling its other restructuring plans, such as terminating its securities lending program, selling assets, and unwinding its AIG Financial Products portfolio. For example, AIG has made efforts at selling certain business units and has begun an overall restructuring, but market and other conditions have prevented significant asset sales, and most restructuring efforts are still under way. AIG faces ongoing challenges from the continued overall economic deterioration and tight credit markets. AIG's ability to repay its obligations to the federal government has also been impaired by its deteriorating operations, inability to sell its assets and further declines in its assets. All of these issues will continue to adversely impact AIG's ability to repay its government assistance. As part of GAO's ongoing work related to the federal assistance provided to AIG, GAO is reviewing the potential impact of the assistance on the commercial property/casualty insurance market. Specifically, GAO is reviewing potential effects of the assistance on AIG's pricing practices. According to some of AIG's competitors, federal assistance to AIG has allowed AIG's commercial property/casualty insurance companies to offer coverage at prices that are inadequate for the risk involved. Conversely, state insurance regulators, insurance brokers, and insurance buyers said that while AIG may be pricing somewhat more aggressively than in the past in order to retain business in light of damage to the parent company's reputation, they did not see indications that this pricing was inadequate or out of line with previous AIG pricing practices. Moreover, some have noted that AIG has lost business because of the problems encountered by its parent company. As GAO evaluates these issues, it faces a number of challenges associated with determining the adequacy of commercial property/casualty premium rates, especially in the short term. These challenges include the unique, negotiated nature of many commercial insurance policies, the subjective assumptions involved in determining premiums, and the fact that for some lines of commercial insurance it can take several years to determine if premiums charged were adequate for the related losses.

Download or read book Financial Assistance written by Orice Williams Brown and published by DIANE Publishing. This book was released on 2011 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. The recent financial crisis resulted in a wide-ranging federal response that included providing assistance to several major corp. As a result of actions under the Troubled Asset Relief Program (TARP) and others, the government was a shareholder in the Amer. International Group; Bank of Amer.; Citigroup; Chrysler; General Motors; Ally Financial/GMAC; and Fannie Mae and Freddie Mac. This report: (1) describes the government¿s ownership interest and evaluates the extent of government involvement in these companies; (2) discusses the government¿s management and monitoring of its investments and exit strategies; and (3) identifies lessons learned from the federal actions. Charts and tables.

Download or read book Ongoing Government Assistance for American International Group AIG written by and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because the assistance to AIG has come in the form of asset purchases and loans, which have resulted in equity stakes in AIG, the ultimate cost to the government of the AIG rescue will depend critically on the future value of these assets. [...] The current estimated values of the Maiden Lane II and III LLCs are also approximately sufficient to repay the loans to the Fed, and the CPFF amount has been dropping and will be repaid shortly, as the program's term has expired. [...] If the Fed loans are indeed repaid, the ultimate cost of the intervention in AIG would largely be determined by the outcome of the outstanding assistance under TARP, currently approximately $45.3 billion, and the value of the approximately 80% equity interest in the company held by the government. [...] Part (B) of the act's definition of "troubled assets" defines such assets as "any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability." Treasury is required to report on its transactions under the EESA.17 Sources of AIG Losses [...] Thus, if AIG were to default on the loan, the Fed could seize the insurance subsidiary stock held by the holding company, but not the actual assets held by the insurance companies.

Download or read book Troubled Asset Relief Program written by United States Government Account Office and published by Createspace Independent Publishing Platform. This book was released on 2018-01-05 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Troubled Asset Relief Program: Update of Government Assistance Provided to AIG

Download or read book Treasury s Monitoring of Compliance with TARP Requirements by Companies Receiving Exceptional Assistance written by Neil Barofsky and published by DIANE Publishing. This book was released on 2010-11 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: