American International Group

America Will Yield To AIG's Demands Or Else...

ter?ror?ist? /?t?r?r?st/ [ter-er-ist]

1. a person, usually a member of a group, who uses or advocates terrorism.
2. a person who terrorizes or frightens others.
3. (formerly) a member of a political group in Russia aiming at the demoralization of the government by terror.
4. an agent or partisan of the revolutionary tribunal during the Reign of Terror in France.
5. American International Group

AIG CDS Book To Be Backstopped By US

But, but...this was all contained the last time the company lied about its current state... Looks like US Taxpayer Capital LLC will need some CDS salespeople/traders as it is the unwitting recipient of a $300 billion CDS book.

Feb. 26 (Bloomberg) -- American International Group Inc. may get a backstop from the U.S. to protect against further losses on credit-default swaps, according to a person familiar with the matter.

The End Of Conspicuous Banker Consumption

The end of the good banker times is here. From elimination of first class airplane seats, to no more $1000 bottles of wine, to car service which actually has to compete based on price, the perks of being a banker are now a fond memory. Full bloomberg article is useful to give an idea of the carnage: