Seeking Alpha

mikeg3 » Comments » AIG

  • Exclusive: Big Banks' Recent Profitability Due to AIG Scam? [View article]
    Could someone really parse that memo? I'd love to learn the jargon.
    Mar 30 05:12 am |Rating: +8 -2 |Link to Comment
  • Exclusive: Big Banks' Recent Profitability Due to AIG Scam? [View article]
    It seems to me that AIG CDS's are worth far less than their apparent value because AIG could never honor more than a small fraction of the relevant contracts. Billions in aid will not fund trillions in payments.
    If the CDS contracts are valued realistically, the unwind trades are at fair value.
    Mar 30 05:11 am |Rating: +2 -2 |Link to Comment
More on AIG by mikeg3
Comments by Ticker
mikeg3's
Comments Stats
29 comments
Rating: 6 (33 - 27 )