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| 5/19 |
| 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. |
| 5/19 |
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