As his former firm fights to unload assets to repay the massive bailout package the U.S. government gave it, ex-AIG chief Martin Sullivan has landed a new gig at insurance firm Willis Group Holdings.
Sullivan will serve as deputy chairman for Willis, and “assist in managing and shaping the long term growth strategy Read More
Fun With Fuld
In response to ex-Lehman Brothers CEO Dick Fuld’s fulminating testimony before the Financial Crisis Inquiry Commission, Federal Reserve lawyer Scott Alvarez scoffs that the Fed couldn’t have done much to stay the investment bank’s execution at the hands of the credit markets.
Alvarez took Fuld’s assertions out to the woodshed, saying that Read More
• The Financial Crisis Inquiry Commission, which like the 9/11 Commission, only for the Panic of 2008, may have trouble writing a comprehensive report, because senior staff have left in droves and bickering plagues those who remain. [NYT]
• Back in 2007, China asked the Fed if could buy 10% of Morgan Stanley. Yesterday, Read More