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  • What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup [View article]
    Maybe we will get to bankruptcy with AIG but it will be after foreign banks are paid off. The footnotes to AIG indicated that foreign banks were holders of a large amount of CDS and were using them to meet Tier 1 requirements. At 12/31/07, AIG expected these positions to be extinguished in 18 months.
    Nov 26 08:03 am |Rating: +4 0 |Link to Comment
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