Bailout Datapoint of the Day, AIG Edition [View article]
What I learned today its not the fact that AIG is has to cover the actual value of the underlying CDS, but that hedge funds tripled the insurance protection against the CDS in case of failure. That like insuring your house 3 times its replacement cost. Just a note to pass on, if true ?
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What I learned today its not the fact that AIG is has to cover the actual value of the underlying CDS, but that hedge funds tripled the insurance protection against the CDS in case of failure. That like insuring your house 3 times its replacement cost.
Oct 16 19:31 pm
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All Comments by ddavid »Bailout Datapoint of the Day, AIG Edition [View article]
Just a note to pass on, if true ?