Maurice “Hank” Greenberg is heading a new corporation, C.V. Starr & Co, Inc. This is important because Hank is the man who led A.I.G. to the heights of our recent and still impacting recession on the wheels of massive CDO securitization and CDS contracts. If you’ve forgotten, the Bush administration agreed to bail out A.I.G. in September 2008 to the tune of $85 billion which was then re-negotiated by that administration in November to a $40 billion disbursement from the TARP with another $60 line of credit from the Federal Reserve. By March of 2009 the Obama administration had increased the bailout to A.I.G. up to $150 billion and A.I.G. wrote down some $60 billion in a first quarter loss.
This is a preview of
Stubborn Financial Culture – AIG and “Hank” Greenberg
.
Read the full post (402 words, estimated 1:36 mins reading time)
Editorial A.I.G., credit crisis, Hank Greenberg, Insurance
In a Reuter’s article, a lawyer is quoted as saying,
I don’t understand why it is in the taxpayers’ best interests for us to be punitive in regard to TARP recipients.
Editorial AIG, Bank of America, BofA, CitiGroup, Goldman Sachs
I believe in financial responsibility in several ways, one of which is giving funds to endeavors that benefit others. One area I evaluate my giving as being poorer than I want it to be is international giving. Someone mentioned World Vision as an international agency and, after checking it on Charity Navigator (Philanthropy.com’s article about CN’s evaluation methods), I can understand the concern some folks have about the salary of World Vision’s president. There are valid evaluations and arguments for either viewpoint (he should/should not earn that salary working for a non-profit/NGO) but regardless of those comments I’m still considering whether to utilize that agency as a method to give internationally.
Personal Altruism, Charity, Charity Navigator, Faith, International, Oxfam International, Philanthropy, Values, World Vision
As most of my friends know, I’m a storage junkie. I’m addicted to storing every digital scrap I get. Currently my main home computer has about 2.5Tb; yeah, that’s terabytes with another 650Gb of storage shared on the network in a Network Attached Storage (NAS) unit. My wife’s computer has less but still I think it has about 250Gb storage.
My current NAS is 95% full and the lack of free space is slowing down access (I’m sure there are some badly fragmented files but I can’t defrag it until I free up more space).
I’m considering the following storage options:
Technology D-Link, HP, MediaSmart Server, My Book, NAS, storage, WD, Western Digital
Fox News reports that thousands of users’ logon credentials and some private data was compromised by hackers phishing Hotmail’s website.
This is another reminder (I’m included as well) to be vigilant.
- Keep separate passwords for different sites (e.g. – Google/Gmail, Yahoo, Facebook, etc.)
- Include a mixture of lowercase, uppercase, numerals and, if the site supports it, a special character or two (e.g. – #, !, $, etc.)
- Change your passwords on a regular basis.
One idea might be to change your passwords once a month, on payday or at least as often as you remember. If you have to carry around a list of different passwords then that’s better than using all the same passwords and never changing them.
Uncategorized Facebook, Gmail, Google, Hack, Hotmail, IAM, Phish, Security
