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Wednesday, April 1, 2009

Oh, Those Crafty Congressmen!

U.S. lawmakers to grill AIG's Greenberg, Liddy

So, when are they going to build a panel of experts who can handle a blue-ribbon investigation, like Reagan's 1987 group, or something?

I mean, seriously, we're not going to find out what went on at AIG, until someone skilled talks to (a) the people who traded the various books and (b) anyone in risk management who was given enough information to kinda know what was going on.

Talking to the CEO's is NOT going to provide data, let alone information, right?

And, since I've been looking at formulas (and 'the story' is in the air), I'd like to hear from the guys who have profited so handsomely from the selling of risk, the Chairman and his key lieutenants at RiskMetrics. Afterall Ethan Berman is a $100 million dollar man, at least ... and Steve Thieke was on the FSA board, according to SEC disclosures.

At least, it seems more logical than asking Liddy questions. Arthur Levitt is on the RiskMetrics board - did you know that (I didn't)?

[click pic to embiggen]
AND

Beneficial Owner Number Market Value
04/23/2008 of Shares (@ $14/shr)

Entities w/General Atlantic LLC (1)
13,333,332 $186,666,648
Entities w/ Spectrum Equity 10,833,332 $151,666,648
Investors IV, L.P. (2)

Entities affiliated with TCV V, L.P. (3) 6,424,802 $89,947,228
Ethan Berman (4) 7,547,375 $105,663,250
Lovida Coleman 3,000 $42,000
Philip Duff (5) 91,668 $1,283,352
Rene Kern (1) 13,333,332 $186,666,648
Arthur Levitt (6) 131,072 $1,835,008
Christopher Mitchell (2) 10,833,332 $151,666,648
Frank Noonan 15,500 $217,000
Stephen Thieke (7) 22,334 $312,676
Robert Trudeau

David Obstler (8) 368,751 $5,162,514
Jorge Mina (9) 194,723 $2,726,122
Gregg Berman (10) 325,814 $4,561,396