AIG Outrage
AIG Outrage
Out of context: Reply #67
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- TheBlueOne0
"The fact that AIG had no money behind all the swaps it wrote was probably not a clause in the contract. "
No, that was a feature and not a bug of these Credit Default Swaps. They let you invent money out of thin air..and then split it up and sell it at a profit to other rubes...has nothing to do with AIG or executive contracts