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Christopher Whalen » Comments » BRK.B

  • AIG: Before Credit Default Swaps, There Was Reinsurance [View article]
    What may be wrong with the FAI-HIH letter is that is suggests that the reinsurance was not a true, risk-shifting transaction. It suggests, IMHO, that the reinsurance was a canard meant to window dress the financial statement of the purchasers of protection. Good questions.
    Apr 04 08:25 am |Rating: 0 0 |Link to Comment
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