Re: [Pen-l] NY State to the Rescuee?!?

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] NY State to the Rescuee?!?
From: Doyle Saylor <doylesaylor@xxxxxxx>
Date: Mon, 15 Sep 2008 15:01:36 -0700

Greetings Economists,
On Sep 15, 2008, at 1:55 PM, raghu wrote:

AIG is transfering money from its insurance subsidiaries to its holding company. Why should this affect the NY state treasury??

Doyle; Indirectly. The law says the subsidiaries must have enough money on hand to pay insurance claims. So to bypass that requirement, they get New York to open the doors to that cash. Thanks, Doyle Saylor _______________________________________________ pen-l mailing list pen-l@xxxxxxxxxxxxxxxxxx https://lists.csuchico.edu/mailman/listinfo/pen-l

References:
- [Pen-l] NY State to the Rescuee?!?
  - From: Jim Devine
- Re: [Pen-l] NY State to the Rescuee?!?
  - From: raghu

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Thread context:
- [Pen-l] Early Notes on the Present Crisis, Michael Perelman Mon 15 Sep 2008, 20:27 GMT
- [Pen-l] NY State to the Rescuee?!?, Jim Devine Mon 15 Sep 2008, 20:03 GMT
  - Re: [Pen-l] NY State to the Rescuee?!?, raghu Mon 15 Sep 2008, 20:35 GMT
    - RE: [Pen-l] NY State to the Rescuee?!?, Perelman, Michael Mon 15 Sep 2008, 20:43 GMT
    - Re: [Pen-l] NY State to the Rescuee?!?, Doyle Saylor Mon 15 Sep 2008, 21:41 GMT
- [Pen-l] McCain plan taxes Health benefits, Charles Brown Mon 15 Sep 2008, 19:44 GMT
  - Re: [Pen-l] McCain plan taxes Health benefits, Jeffrey Fisher Mon 15 Sep 2008, 20:54 GMT
- [Pen-l] Urban Agenda presented to Barack Obama, Charles Brown Mon 15 Sep 2008, 18:48 GMT
- [Pen-l] so you know, Charles Brown Mon 15 Sep 2008, 17:24 GMT

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