the LCFO's assets and liabilities are exempted from normal bankruptcy procedures, creating the potential for a disorderly … dismemberment of an insolvent LCFO. Nonetheless, however inconvenient they may be for bankruptcy administrators, the closeout …

brink of bankruptcy. In one case, AIG used securities lending to transform insurance company assets into residential …

the LCFO's assets and liabilities are exempted from normal bankruptcy procedures, creating the potential for a disorderly … dismemberment of an insolvent LCFO. Nonetheless, however inconvenient they may be for bankruptcy administrators, the closeout …