Friday, July 17, 2009

AIG’s European Derivatives May Take Decades to Expire (Update1) - Bloomberg.com

AIG’s European Derivatives May Take Decades to Expire (Update1) - Bloomberg.com
Thanks to all us, the taxpayers, we are back stopping this.

“There’s no question that asset values have soured on a global basis. With the faith and credit of the U.S. government backing those guarantees, why would they give that up?”

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