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Felix, did AIG steal your girlfriend in high school or something? Seems to me the main point of disputation with the WSJ story is that the amount has been accounted for all along, not "earth shattering new settlement obligations" as the WSJ implied.
Dec 11 07:31 am
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All Comments by AIG99 »AIG's Speculative CDS Bets [View article]
AIG was beyond stupid to have killed themselves off via CDS exposure (and purely speculative CDS plays should be illegal....period), but if you believe the company needs to be sold in pieces to pay off the debt -- it's hardly helpful for financial journalism to run their weekly "another reason AIG is evil" stories.