Rumpole

AIG: How It Spent Your Tax Money

From my reading, it looked like JPM was the only bank doing major league buying at the LEH CDS auction. But what I really want to know is who else other than AIG did the underwriting of LEH CDSs; it's these companies who could go bust on Tuesday. Or should I guess that it might have been GS and MS based on the where the first AIG bailout payments ended up??

6+ Questions About the Government's Stake In Those Bailed-Out Companies

"...It only works if the federal government
is not asked to pay it off( to China, Russia or Saudi Arabia)...": It seems like America is deathly afraid of China etc. starting to dump its paper on to the market. Wouldn't this be the perfect time for China to lean on this and force the redemption of its U.S. paper in gold?? Quite the way to lighten up the load at Fort Knox!