Monday, March 09, 2009

How Stupid was AIG Management?

AIG has published its 10-K for last year, and it is depressing, even more depressing than the horrifying $99.3bn loss for the year. We know that a lot of the $173bn taxpayers have poured in went to deal with their naked Credit Default Swaps. This 10-K shows us the losses from another disastrous financial ploy. Why do these people still have

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