"The insurance claims were paid off in full, even though widespread defaults on the underlying debt have not occurred. Why, many people wonder, did the Fed make A.I.G.’s counterparties whole on losses that have not happened yet? Why didn’t it force these financial companies to close out the contracts at a discount." Hello ?? President Obama??
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2-1-2026
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1 comment:
Agreed. Bush? Paulson?
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