Seeking Alpha

BerkeleyBob » Comments » AFF

  • Can We Insure Against Systemic Risk? [View article]
    It isn't clear to me that the contracts AIG was peddling were insurance as the term is commonly understood. The absence of requiring an insurable interest, state regulated reserves, and nominal premiums suggest that it was more akin to an unregulated offshore casino. Of course, the rating agencies had a role in the scam. AIG carefully structured its activities to circumvent the woefully lax regulatory structure, including a feckless SEC, etc. etc.
    Jul 15 12:34 pm |Rating: +2 0 |Link to Comment
More on AFF by BerkeleyBob
Comments by Ticker
A, AAI, AAPL, ABK, ACH, ADBE, ADVNA, AFF, AGG, AGU, AIG, AIG.PA, AIV, ALK, ALL, AMB, AMCN, AMCRY.PK, AMD, AMP, AMR, AMX, AMZN, ANF, AOC, AONE, ARBA, ATO, AU, AXP, BA, BAC, BAIRY.PK, BAM, BBI, BCS, BK, BKS, BLK, BPO, BRK.A, BRK.B, BX, BXP, BXS, C, C.P, CAH, CAJ, CAL,
BerkeleyBob's
Comments Stats
271 comments
Rating: 163 (231 - 68 )