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Whiteboard: Counterparty risk Europe is teetering on the edge of a credit crisis, and markets all around the world are tumbling as investors worry about contagion. It's all about banks not trusting each other, as Senior Editor Paddy Hirsch explains. From Paddy Hirsch /snip One big reason: We're still out of work. Next: We're still not spending. But most urgently: They're worried about Europe. And specifically, they're worried about European banks. Thing is, European banks are teetering on the edge of a credit crisis every bit as serious as the credit crunch that preceded the collapse of Bear Stearns and...

SEC Orders AIG Info Sealed Until November... 2018! Joe Weisenthal | Jan. 12, 2010, 5:28 AM | 204 | comment 4 Good news. It looks as though we'll be getting access to secret data on the bailout of AIG and its counterparties. The bad news: We're going to have to wait until November of 2018, according to Matthew Goldstein at Reuters. In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory filing that includes some of the details on the most controversial aspect of the AIG bailout: the funneling of tens of...

AIG: Inquiring Minds Want To Know The history of AIG includes.... 1919 The AIG companies were one of the very few U.S. companies to have their origins in China when their founder, C.V. Starr, formed American Asiatic Underwriters in Shanghai. 1921 C. V. Starr founded Asia Life Insurance Company, the first foreign life operation to offer products and services to the Chinese people. 1931 International Assurance Company, Ltd was established. It was renamed American International Assurance Company, Limited in 1948. 1975 AIG former Chairman & CEO, Maurice R. Greenberg, made his first visit to Beijing and has since traveled many...