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 : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (77756)1/20/2010 2:03:50 PM
From: tonto1 Recommendation  Read Replies (1) | Respond to of 224858
 
No one.

Who forced AIG to issue all those credit default swaps?



To: Kenneth E. Phillipps who wrote (77756)1/21/2010 11:40:15 AM
From: Ann Corrigan1 Recommendation  Respond to of 224858
 
Ken, no one forced AIG to but they assumed there would be no credit defaults since Fannie & Freddie were guaranteeing the package of loans in the credit-swap bundles. Fan & Fred didn't have the resources to make good on their guarantees hence the gov stepped in with the bailouts.

Who forced AIG to issue all those credit default swaps?