- Greek Cabinet Approves EU, IMF Bailout Bill
- We're Not Greece: Italian Prime Minister Monti
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- New York Fashion Week Fall 2012
- NetNet: Why Saving Greece Could Destroy the World
- My Funny Valentine: When Love and the Fed Collide
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- Greek Debt Saga Back on Center Stage for Markets
- Special Feature: Wall Street History - How Wall Street Got Its Name
- Obama to Project $901 Billion Budget Deficit in 2013
- Private Homebuilders: Dead Men Walking
- To Play Senate Cybersecurity Bill, Cramer Likes Fortinet Stock
- Consumer Sentiment Falters, Despite Job Growth
- Should Zuckerberg Get Capital Gains Treatment for His Facebook Stock?
- We're Not Greece: Italian Prime Minister Monti
- Mad Money, February 10, 2012
MOST POPULAR
HOT ON FACEBOOK
AIG Faces SEC Probe on Subprime Mortgages: WSJ
Text Size 
The U.S. Securities and Exchange Commission is investigating whether American International Group overstated the value of contracts linked to subprime mortgages, the Wall Street Journal said on Friday, citing people familiar with the matter.
The way AIG valued credit default swaps, including those backed by subprime mortgages, is at issue, the newspaper said.
Prosecutors from the U.S. Department of Justice and the U.S. attorney's office in Brooklyn, New York have asked for information the SEC is gathering, which could signal a criminal investigation, the newspaper said.
AIG [AIG
Loading...
()
] , the SEC, the Justice Department and the U.S attorney did not immediately return calls seeking comment.
According to the newspaper, an AIG spokesman said the company would co-operate in regulatory and governmental reviews on all matters.
Credit protection costs have risen for AIG, the world's largest insurer, in recent months as losses mounted from mortgage-related investments.
It posted its largest ever quarterly loss of $7.8 billion last month after writing down assets linked to subprime mortgages.
AIG in 2006 settled an accounting scandal for $1.6 billion.
The probe had earlier led to the ouster of AIG's longtime chief executive, Maurice "Hank" Greenberg.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
