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Politics : Formerly About Advanced Micro Devices

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To: combjelly who wrote (460620)3/3/2009 11:12:09 AM
From: Road Walker  Read Replies (1) of 1573958
 
"AIG is a basket case. It's ground zero for the CDSs from what I read."
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Yep. No one talks about that, probably because no one knows what to do.


Yeah I think a huge percentage of the CDS run through AIG with next to zero assets to back them. And the banks and many, many other institutions are holding the CDS paper.

AIG is sort of a financial nuclear bomb. It could take out the entire landscape.
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