Berkeley CSUA MOTD:Entry 52649
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2024/11/26 [General] UID:1000 Activity:popular
11/26   

2009/2/26-3/3 [Uncategorized] UID:52649 Activity:nil
2/26    I'm still not completely clear on what AIG does, and is it bad
        for me when they are going to announce they lost 60 Billion ?
        \_ they went in huge into "credit default swaps", i.e., "I'll pay you
           if your MBS/CDO becomes worthless -- what are the odds of that??
           Moneybags!"
           \_ They also insure the pension fund of the federal legislature.