I finally carved out enough time to read the Washington Post series on the near-death of AIG. It's quite good, has interviews with many central figures. And it's told not in black and white, but shades of grey, the villains unclear.
Though there certainly were those who worried:
Park spelled out his reasoning in meetings and conversations with colleagues over the next several weeks. It was as if he had scratched the needle across an old record album at full volume.
And those who did not:
"It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions," Cassano said.
Amusingly, while I was reading the article this Google-supplied ad popped up at the bottom of the page:
Credit Default Swap
Trade US High-Grade And Credit Default Swaps Now. Get More Info!
www.MarketAxess.com
- Twitter (0)
- Facebook (0)
- Google+
- Comments ()







Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.