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Adam Sharp

 
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  • AIG Counterparties: The SIGTARP Report [View article]
    "The issue of "systemic risk" is one of counterparty failures that create cascading failures in other firms. When one allows "insurance" to be written without the ability to pay, one has effectively allowed the wide-scale commission of fraud and circumvention of regulatory capital and leverage limits."

    Well said. Thanks Karl.
    Nov 17, 2009. 12:49 PM | 4 Likes Like |Link to Comment
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