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: Alighieri who wrote (466517)3/26/2009 1:56:09 PM
From: combjelly  Read Replies (2) of 1575777
 
"That's fun, but something tells me that it's more complicated"

It is. Apparently the CDS's that at least AIG wrote have a clause that triggers them if AIG defaults on any of them. So unless someone has the power to nullify that part of those contracts, all $1.5 trillion becomes instantly due.

This came out as part of the justification for paying the bonuses. Liddy made the claim that not paying the bonuses would trigger these clauses. Not sure how that was supposed to work, but...
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