amateur

How Much Risk Is the Treasury Really Assuming from Financial Institutions? (Part 2)

It has not been proved that any of the CDS issued by AIG and standing in 2009 had any cancelling by-letter of any kind.
Even if some CDS might eventually be found to be fraudulent, why should that invalidate biilions of valid contracts?

It is hard to believe the conspiracy theory that AIG managers were systematically risking jail for the benefit of shareholders.

IMVHO, these destructive and misleading accusations seem more like propaganda of traders who are short the financials, rather than a contribution to debate.