SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (460965)3/4/2009 11:44:39 AM
From: combjelly  Read Replies (3) of 1575882
 
"In fact, we just don't know what would have happened had AIG been allowed to collapse."

We don't 'know' it in the sense that epistemologists want. But, we do know with a high degree of confidence that just about every bank of any size in the world has significant exposure. Either to the packaged securities or to the CDS's. Or both. Given the shock waves that went through the system when reports of AIG's difficulties surfaced, that exposure is probably quite large. It is quite likely that every time that AIG comes back to the well, it is to cover yet more CDS's that have triggered and that AIG would otherwise have to default on. I say 'quite likely' because no one is saying where the money is going. That is going to have to stop. I can understand that they want to avoid panic, and the real depth of the problems is probably panic-worthy, but they can't just keep pumping money in without saying where it is going.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News