Schedule 13d
| Filed by: | AMERICAN INTERNATIONAL GROUP INC |
| Subject Company: | AMER INTL GROUP INC |
| Filed as of Date: | 12/02/2008 |
| View Original Filing on Edgar's | |
Exhibit
2
C.V.
STARR & Co., INC.
399 PARK
AVENUE
NEW YORK,
NY 10022
MAURICE R.
GREENBERG December 1,
2008
CHAIRMAN
AND
CHIEF EXECUTIVE
OFFICER
Mr.
Edward Liddy
Chairman
and CEO
American
International Group, Inc.
70 Pine
Street
NY, NY
10270
Dear
Ed:
We have
reviewed the restructured government funding for AIG announced on November 10,
2008 by the New York Federal Reserve and the U.S. Treasury. Set forth below
are some questions related to this announcement. Please respond to these
questions as soon as possible. Investors in AIG securities need to know the
answers to these questions and U.S. taxpayers should know how their tax dollars
have been used.
Regarding
the Multi-sector CDS Financial Entity –
For the
purchase of $70b of notional amount of CDS, where did the $35b of cash
collateral come from?
Has the
$70b of notional amount of CDS already been purchased and as part of that
purchase, has the $35b of cash collateral already been paid out to those CDS
counterparties?
What else
was paid to those CDS counterparties?
Who are
those counterparties?
Regarding
the RMBS Financial Entity –
How much
of the $38b NY Fed Lending Facility has been drawn?
How much
of that drawn amount has been paid over to securities lending
counterparties?
Page
2
December
1, 2008
Has that
amount been paid to counterparties or has the cash been posted as collateral for
the benefit of those counterparties?
How much
remaining exposure does AIG have in the Securities
Lending business above the amount drawn on the NY Fed Lending
Facility?
Thank you
in advance for providing answers to these critical yet simple
questions.
Regards.
Sincerely,
/s/ Maurice R. Greenberg
MRG/mb
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