More incredibly, he boasted that Uncle Sam would make a profit on the bailout of AIG .
His largest holding is AIG ( AIG), which is 36% of all his stocks.
The problem, Sullivan explained was that some of AIG's assets simply were no longer trading.
With the market value plummeting, he argued, mark-to-market accounting turned AIG's balance sheet into a nightmare.
So while AIG is suing Triaxx, both are working together in suing the banks.
Below is a three month price history chart comparing the stock performance of AIG vs.
The AIG shirt-sponsorship deal was a world record - that was down to them.
The government still owns 77% of AIG stock, down from 92 percent it previously owned.
AIG's current management, Greenberg contends, is too timid to make a big acquisition or strategic move.
Goldman's aggressive stance certainly caused massive pain, speeding the demise of Bear Stearns and AIG.
For its part, AIG is suing to wrest back the chunk of stock held by C.
Citi and AIG posted net income up 27% and 9% annualized over the past three years.
And then there's the world's largest insurance company, AIG, still scrambling to shore up shaky finances.
They were on trial for an alleged reinsurance transaction that occurred between AIG and General Reinsurance.
Instead, AIG filed a notice it was canceling a supplemental savings plan for executives, including Herzog.
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Paulson, former CEO of Goldman Sachs, did NOT bail out AIG to save Goldman Sachs.
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And now the mob has reached an especially heated pitch over AIG and their bonus structure.
Many people saw the bailout of AIG as a backdoor bailout of its big bank creditors.
The Starr companies held billions of dollars in AIG stock and the compensation of executives.
That had the effect of boosting AIG's premiums and also its reserves to pay future claims.
We simply will not have an AIG type event as a result of this.
So the question is: Will AIG be able to pay back the loan with the interest?
Another factor to consider is that AIG does more than insurance: It leases airplanes.
PwC and KPMG audit the four largest US banks plus AIG and Goldman Sachs.
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It was filed by Starr International, headed by former AIG chief executive Maurice "Hank" Greenberg.
Udvar-Hazy stayed on with the company when it was sold to AIG (nyse: AIG) in 1990.
The IPO deal gives AIG the option of selling an additional 15% of their AIA stake.
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The results were better than had been expected and AIG shares rose 2.5% in after-hours trading.
MetLife competes with AIG, The Hartford, Prudential Financial and New York Life Company.
With clearing, there is no way AIG could have built up billions in losses.
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