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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (296771)3/18/2009 3:09:42 AM
From: Nadine Carroll1 Recommendation   of 793903
 
Willem Buiter was very helpful in explaining the situation, thank you. But while he makes a good case for legislating an "insurable interest" before the bets are laid, I don't know that you can sort it out ex post facto. They are all contracts and AIG is not bankrupt, just owned by the Treasury.
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