The story of how the U.S. managed to make a profit off of the AIG bailout tells how even a team...

|By:, SA News Editor

The story of how the U.S. managed to make a profit off of the AIG bailout tells how even a team of top minds from BlackRock (hired to assist in winding down AIG's swaps portfolio) couldn't get a grip around the workings of the bond market. "Totally archaic ... it was dealers picking up the phone and saying 'Dude, what's the price?'"