The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
From: To: Cc: Subject: Date: Alex Hart Gary Cohen Cassidy Waskowicz; Sarah Knaus; Sarah Zuckerman; Neil Miller RE: Use of Alex Hart Quote Tuesday, December 21, 2010 9:36:49 AM Mr. Cohen, Thanks for your quick response and for providing me with the contextual use of the quote. If at all possible, I would prefer that it read, "get a few pennies on the dollar (on the notional value of those contracts)." Thanks again, Alex Alex C. Hart Investment Specialist Maryland Insurance Administration 200 St. Paul Place, Suite 2700 Baltimore, MD 21202 (410) 468-2146 ahart@mdinsurance.state.md.us CONFIDENTIALITY NOTICE: This e-mail is intended only for the addressee(s) named above. The information contained in this e-mail, and any attachment(s) thereto, are intended only for the personal and confidential use of the designated addressee(s). If the reader of this message is not an intended recipient or an agent responsible for delivering it to an intended recipient, you are hereby notified that you have received this e mail in error, and that any review, retention, dissemination, distribution, or copying of this information is strictly prohibited, and may be subject to penalties under the Electronic Communications Privacy Act, 18 U.S.C. §§ 2510-2521 and other applicable laws. If you have received this communication in error, please notify the sender immediately by reply e-mail or by telephone (410-468-2146) and permanently delete this email message and any accompanying attachment(s). Thank you. >>> Gary Cohen <gcohen@fcic.gov> 12/17/2010 2:50 PM >>> That same month, the Maryland Insurance Administration released a plan under which ACA’s creditors, including large investment banks such as Merrill Lynch, would restructure their claims on the insurer. That let ACA terminate $65 billion in CDS contracts and other guarantees. In return, these firms would receive “surplus notes” backed by the remaining assets at ACA Guaranty. Alex Hart, an investment specialist for the Maryland Insurance Administration, said the banks that had received these notes would likely only “get a penny” in future payments. [1] From: Alex Hart [mailto:AHart@mdinsurance.state.md.us] Sent: Friday, December 17, 2010 2:47 PM To: Gary Cohen Cc: Cassidy Waskowicz; Sarah Knaus; Sarah Zuckerman; Neil Miller Subject: Re: Use of Alex Hart Quote Mr. Cohen, I have received your letter, dated December 16, 2010, in which you notified me of the possibility of my being quoted in the Financial Crisis Inquiry Commission's upcoming report. Upon reviewing the particular quote in question, I would like to respectfully request that you provide to me more of the context in which the quote would be used, as it may require some clarification; in the "vacuum" of the quote as a standalone, it is difficult to provide you with meaningful feedback. Thank you, Alex Alex C. Hart Investment Specialist Maryland Insurance Administration 200 St. Paul Place, Suite 2700 Baltimore, MD 21202 (410) 468-2146 ahart@mdinsurance.state.md.us CONFIDENTIALITY NOTICE: This e-mail is intended only for the addressee(s) named above. The information contained in this e-mail, and any attachment(s) thereto, are intended only for the personal and confidential use of the designated addressee(s). If the reader of this message is not an intended recipient or an agent responsible for delivering it to an intended recipient, you are hereby notified that you have received this e mail in error, and that any review, retention, dissemination, distribution, or copying of this information is strictly prohibited, and may be subject to penalties under the Electronic Communications Privacy Act, 18 U.S.C. §§ 2510-2521 and other applicable laws. If you have received this communication in error, please notify the sender immediately by reply e-mail or by telephone (410-468-2146) and permanently delete this email message and any accompanying attachment(s). Thank you. ------------------------------------------------------------------------------------------------------------The information contained in this e-mail, and attachment(s) thereto, is intended for use by the named addressee only, and may be confidential or legally privileged. If you have received this e-mail in error, please notify the sender immediately by reply e-mail or by telephone at the number listed above and permanently delete this e-mail message and any accompanying attachment(s). Please also be advised that any dissemination, retention, distribution, copying or unauthorized review of this communication is strictly prohibited. ------------------------------------------------------------------------------------------------------------- [1] MFR of Neil Miller, Sept. 14, 2010 at 9, ID# 4842-1206-8615 (ok – BJ) This email and its attachments may contain privileged and/or confidential materials and is intended solely for the use of the addressee. If you are not the intended recipient, it is prohibited that you use or disseminate any information found in the email or its attachments. Please delete all copies of it and its attachments and notify the Financial Crisis Inquiry Commission at 202-292-2799 immediately that you received this email in error. Although we attempt to sweep e-mail and attachments for viruses and spyware, we do not guarantee that either are virus-free or spyware-free and accept no liability for any damage sustained as a result of viruses or spyware. ------------------------------------------------------------------------------------------------------------The information contained in this e-mail, and attachment(s) thereto, is intended for use by the named addressee only, and may be confidential or legally privileged. If you have received this e-mail in error, please notify the sender immediately by reply e-mail or by telephone at the number listed above and permanently delete this e-mail message and any accompanying attachment(s). Please also be advised that any dissemination, retention, distribution, copying or unauthorized review of this communication is strictly prohibited. -------------------------------------------------------------------------------------------------------------
@FedFRASER