Category: Excess SIPC

10 Year Anniversary of AIG’s Red Flag in 2003

adm2008 Financial Crisis, AIG, Excess SIPC, Financial Crisis Inquiry Commission, GAO, Independent Accountants, NASD, NYSE, Sarbanes Oxley, SEC, Senate Permanent Subcommittee on Investigation, Shadow Banking System, SIPC Insurance Coverage, Surety Insurance, Uncategorized

Exactly 10 years ago AIG raised a red flag ahead of the 2008 financial crisis; few paid attention.  On August 9, 2003, ten years ago to the day, The New York Times headline read forebodingly “To insurers, a long free Read More …