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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (40938)	10/9/2008 7:02:59 PM
From: TobagoJack	Respond to of 219957

just in in-tray <player 1 i'm not at all surprised that the AIG bail-out is getting bigger. with a CDS portfolio of $460bn., most of which was written right at the top of the bubble, the potential for extremely large losses is obvious. the thing is, the PTB probably feel they can not possibly let it fail. the entire CDS market would melt. also, after putting in 85 big ones, they're probably loath to declare the whole operation a failure, so they will rather throw more good money after bad. AIG is really one of the lynchpins at the heart of the credit disaster.