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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: pompsander who wrote (9322)3/16/2009 1:14:38 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
My question (the one I would very much like some sort of independent investigator to find the answer to) is WHY the Feds paid off on ALL these Credit Default Swaps at AIG... when not all of the assets that the CDS insured had defaulted yet?

In fact --- MOST of the insured assets were (and are) not defaulted yet.

Some very STRANGE kind of 'insurance contract' there that *pays off* BEFORE the 'hurricane' has actually struck yet!