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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (190968)3/16/2009 12:07:15 PM
From: jpk1Respond to of 306849
 
Another great point this is like double dipping for them. Oh yah! I forgot there was a contract, now we know that contracts have to be honored as Mr. Summers told us. It just keeps getting worse.



To: Les H who wrote (190968)3/16/2009 4:59:27 PM
From: The ReaperRespond to of 306849
 
They're not going to get the payout from the bonds and the $ from AIG. Think of it as a margin account and AIG is getting margin calls because the bonds they are insuring are getting closer to default. AIG will eventually get the bonds and receive the payout on the bonds (whatever the bonds actually payout).


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