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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: geode00 who wrote (191061)3/16/2009 6:59:12 PM
From: bentwayRead Replies (1) of 306849
 
"I'm saying that they were gambling that there would be either no losses or moderate losses....mostly no losses."

AIG was. The people buying the CDS's to hedge losses on their MBS's expected to be paid, by a recognized big-time insurance company. But, we gave them permission not to follow the rules that govern their insurance in 1999 for these "financial" products.
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