It's Time for the Government to Rethink It's Relationship with AIG [View article]
I agree that it's easier said than done but as a taxpayer I'm not willing to finance 11 figure losses every quarter either, nor do I have much faith that AIG is going to be able to sell off its units and repay the government any time soon either.
At some point those derivatives have to be unwound because it doesn't make sense to leave that much risk within one company, so I think that even despite the cost to bailout AIG we don't have much choice but to unwind the derivatives as well.
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I agree that it's easier said than done but as a taxpayer I'm not willing to finance 11 figure losses every quarter either, nor do I have much faith that AIG is going to be able to sell off its units and repay the government any time soon either.
Feb 26 11:18 am
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All Comments by Markham Lee_ »It's Time for the Government to Rethink It's Relationship with AIG [View article]
At some point those derivatives have to be unwound because it doesn't make sense to leave that much risk within one company, so I think that even despite the cost to bailout AIG we don't have much choice but to unwind the derivatives as well.
Thanks for reading.
-Markham