lucky lenny

The $60 Trillion Nightmare of Credit Default Swaps

Mr. Jefferson,

- If AIG & others have that much insurance in force, wouldn't they have to disclose it in their annual financial statemetns? Not saying you're wrong; just questioning the basis & accuracy for the $60 trillion figure you're throwing out. Also, what exactly would trigger coverage? Whose bonds are being covered? If it's Exxon's - not a big risk. Without any details, not very helpful.