calculatedrisk.blogspot.com - 12/10/2008
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From the WSJ: AIG Faces $10 Billion in Losses on Trades American International Group Inc. owes Wall Street's biggest firms about $10 billion for speculative trades that have soured ... American International Group Inc. owes Wall Street's biggest firms about $10 billion for speculative trades ...
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Oh, By The Way?
Eschaton —
Oh, By The Way? You're eating even more Big Shitpile! YUM!
uggabugga —
Screw this, let AIG die: At Calculated Risk: AIG: A Black Hole? American International Group Inc. owes Wall Street's biggest firms about $10 billion for speculative trades that have soured ... The $10 billion in other IOUs stems from market wagers that weren't contracts to protect physical securities held by banks or other investors against default. Rather, they are from AIG's exposures to speculative investments unrelated to insurance, which were essentially bets on the performance of bundles of derivatives linked to subprime ...
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