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2008/9/18-19 [Transportation/Car] UID:51219 Activity:nil |
9/18 Daily Show economist here. Is it true AIG tried to clear up its problems by lending itself money? \_ AIG has an exciting financial investments division. AIG also has a boring life insurance division. AIG life insurance has lots of capital because insurance is regulated. AIG financial investments, because CDS is not regulated as insurance even though it is, is a large hole in the AIG ship. AIG life lends to the AIG ship to support the ship. |
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