新浪首页 一个兄弟在雷曼兄弟公司的最后日子 把我雷倒了 [复制链接]

上星期五下班的时候，同事们包括老板，都很乐观，大家都认为，星期一的时候，我们就是BOA 或 Barclays 的员工了。所以周末，

美政府正式接管AIG 美联储提供850亿贷款拯救AIG 新华网     美国联邦储备委员会美国当地时间１６日晚宣布，已授权纽约联邦储备银行向陷于破产边缘的美国国际集团（ＡＩＧ）提供８５０亿美元紧急贷款。美国政府届时将持有该集团近８０％股份，正式接管这家全球最大的保险巨头。     美联储在当天发表的声明中说，在目前情况下，如果放任ＡＩＧ破产，对业已极其脆弱的金融市场来说无异于雪上加霜，并且将极大提高市场的借贷成本，进一步削减美国家庭财富，并将对经济增长产生实质性危害。     美联储称，在美国财政部的全力支持下，遵照《联邦储备法》第１３条第三款，授权纽约联邦储备银行向ＡＩＧ发放贷款。贷款窗口的有效期为２４个月，利率为３月期ｌｉｂｏｒ利率再加８５０个基点。为保障纳税人的利益不受损害，贷款将以ＡＩＧ的全部资产为抵押。     作为提供贷款的条件，美国政府将持有ＡＩＧ７９．９％的股份，并有权否决普通和优先股股东的派息收益。这也意味着美国政府仿照接管“两房”模式接管了该集团。     美国财政部长保尔森在随后举行的吹风会上说：“我们正与美联储和美国证券交易委员会密切合作，促进金融市场的稳定性和有序性，把经济受到的不利影响降到最小。”     美国总统布什随即也对这一决定表示支持。白宫发言人托尼·弗拉托说：“总统对美联储宣布的这一决定表示支持，这一措施将有助于稳定金融市场，并减少对宏观经济的破坏。”     分析人士指出，美国政府之所以放任雷曼倒闭，却对ＡＩＧ施以援手，主要是因为后者在全球金融体系中具有更加重要的地位。彭博社援引一位参加谈判的官员的话称，美联储之所以同意对ＡＩＧ提供资金，主要是因为该集团一旦倒闭将会危及全球金融市场的稳定。而且由于该公司规模过于庞大，也不能指望由私人部门出面救援。     ＡＩＧ与全球主要银行都有交易活动，据苏格兰皇家银行测算，一旦其破产，**金融机构的损失可能达１８００亿美元。并且，一旦ＡＩＧ破产，全球股市将出现更大规模的暴跌。     ＡＩＧ之所以突然陷于破产边缘，除了受次贷危机影响损失巨大之外，主要还因为数家信用评级机构近期接连大幅下调其信用评级。信用评级下调意味着其融资成本升高，其债权人将要求其追加债务担保。据行业人士测算，评级下调意味着ＡＩＧ需要追加超过１３０亿美元的债务担保金，这使得该集团财务状况短期内出现急速恶化。     美国政府接管ＡＩＧ，对该集团债权人和全球股市来说是个好消息，但对ＡＩＧ的普通和优先股股东来说则是噩耗。由于政府股权具有最高优先权，因此**股东利益或将“打水漂”。     受到这一消息影响，１７日亚太股市普遍上涨，至上午收盘时，日本日经２２５指数上涨２．０８％，韩国首尔综合指数涨幅近４％，澳大利亚股市主要股指涨幅也超过０．５％。     作为全球最大保险公司，ＡＩＧ的业务遍布１３０多个国家和地区，截至今年６月底，其资产总额达１．０５万亿美元。ＡＩＧ今年以来股价已暴跌７９％，且已连续三个季度出现亏损。该集团今年第二季度的信贷违约互换（ＣＤＳ）业务累计亏损已高达２５０亿美元。

AIG Gets $85 Billion Fed Loan, Cedes Control to Avoid Collapse By Hugh Son, Erik Holm and Craig Torres Enlarge Image/Details Sept. 17 (Bloomberg) -- American International Group Inc. averted the worst financial collapse in history by accepting an $85 billion federal loan and giving the government a majority stake. The U.S. reversed its opposition to a bailout of AIG, the nation's biggest insurer by assets, after private efforts failed and the Federal Reserve concluded that ``a disorderly failure of AIG could add to already significant levels of financial market fragility,'' according to a Fed statement late yesterday. ``It's an enormous relief,'' said David Havens, credit analyst for UBS AG in Stamford, Connecticut. ``Nobody really knows what it would have meant if they would have been allowed to fail, but there was an enormous amount of systemic risk. The problem was, nobody really knew how bad it could have been.'' AIG gives up a 79.9 percent stake to the government and senior managers including Chief Executive Officer Robert Willumstad, 63, will give up their jobs. Retired Allstate Corp. CEO Edward Liddy, 62, will be AIG's new leader, according to a person familiar with the plans, who declined to be identified because the change hadn't been formally announced. Allstate is the biggest publicly traded home and auto insurer in the U.S. The two-year revolving loan gives AIG time to sell assets ``on an orderly basis,'' the New York-based insurer said late yesterday in a statement. The U.S. has the right to discontinue payment of dividends to AIG's common and preferred stockholders, who are already reeling from a 94 percent drop in common shares this year. Global Disruptions The agreement, supported by the Treasury Department, may avoid wider chaos in world markets that threatened to engulf more financial companies. Industry losses could have totaled $180 billion if AIG collapsed, according to RBC Capital Markets. ``This should help to calm the markets in the short-term and hopefully provides AIG some time to get their house in order,'' said Michael Cuggino, president and CEO of San Francisco-based Pacific Heights Asset Management LLC, which manages about $3.8 billion. AIG posted three quarterly losses totaling $18.5 billion. The insurer was pushed to the brink of failure because of a business that sold credit-default swaps, the protection for debt investors that plunged in value as the securities they guaranteed declined. The company covered $441 billion of fixed- income investments for banks and other parties, including $57.8 billion in securities tied to subprime mortgages. The insurer's survival became uncertain after credit-rating downgrades on Sept. 15 threatened to force AIG to post more than $13 billion in collateral when the company was already short on cash. AIG couldn't raise money by selling shares after the stock plunged to less than $4 a share, compared with $70.11 in October, 2007. Loan Terms The Fed's loan doesn't require asset sales or the company's liquidation, though these are the most likely ways AIG will repay the Fed, central bank staff officials told reporters on condition of anonymity. Interest will accrue at the three-month London interbank offered rate plus 8.5 percentage points. The Fed doesn't have an expectation of whether AIG will be smaller, nonexistent or similar to its current form at the end of the loan's term, the staffers said. The Fed or Treasury will end up actually holding the AIG stake, the staffers said. The Fed bailed out AIG while refusing aid to Lehman Brothers Holdings Inc., which collapsed earlier this week, because financial markets were more prepared for a Lehman failure, a Fed staff official said. ``It's extraordinary, I am floored,'' said former Treasury counsel Peter Wallison in an interview. ``No one could have possibly imagined this a few months ago. I can't imagine why the Fed would do this unless they were sure AIG's failure posed systemic risk. It does speak to the fears in the market.'' Greenberg's Redux The rescue comes less than two weeks after the U.S. took over Fannie Mae and Freddie Mac as rising mortgage defaults threatened the companies. The Fed stepped in after JPMorgan Chase & Co. and Goldman Sachs Group Inc., which were brought in to help assess AIG, failed to come up with a solution, according to a person familiar with the talks. Liddy is currently on the board of Goldman, the company Henry Paulson ran as CEO before becoming the U.S. treasury secretary in 2006. Willumstad, the former Citigroup Inc. president who left the bank in 2005 to seek a CEO position, was named to AIG's top post in June. His predecessor, Martin Sullivan, was chief for three years until being ousted after two record quarterly net losses. Maurice ``Hank'' Greenberg reigned at AIG for almost four decades until he was forced to retire in 2005 amid regulatory probes. Unit Sales Greenberg, who remains one of the company's biggest stakeholders, said the company needed a bridge loan instead of a plan that put the company under government control. An investor group led by Greenberg said in a federal filing hours before the rescue was announced they might want to buy the company or some units or make loans to AIG. ``Why would you want to wipe out shareholders when you just need a bridge loan?'' Greenberg, 83, said in an interview before the announcement. ``It doesn't make any sense.'' Greenberg declined to comment after the Fed announcement, spokesman Glen Rochkind said. AIG may sell its stake in reinsurer Transatlantic Holdings Inc., its consumer finance division American General Finance, its U.S. auto insurance business, and its asset manager, analysts have said. Aircraft Leasing AIG's aircraft-leasing unit International Lease Finance Corp. may be bought by investors led by the unit's founder, Steven Udvar-Hazy, the Wall Street Journal reported, citing unnamed people. Udvar-Hazy has been in discussions with potential investors since Sept. 14, the Journal said. The insurer rejected a bid for a joint investment by Allianz SE and J.C. Flowers & Co. on Sept. 14, said two people with knowledge of the offer. Allianz, Europe's biggest insurer, and Flowers, the New York-based private equity firm run by J. Christopher Flowers, proposed the cash infusion to help AIG fend off a liquidity crunch, the people said. Sabia Schwarzer, an Allianz spokeswoman, declined to comment. Flowers and Nicholas Ashooh, an AIG spokesman, didn't return calls seeking comment.