The exploding outrage over the hundreds of millions of bonuses paid by AIG to the traders whose actions created the financial meltdown is completely understandable and appropriate. Unfortunately, though, it appears to have distracted the media and the public from a far more grievous aspect of the AIG fiasco.
AIG has finally, under pressure, released [...]
Entries Tagged as 'CDS'
The AIG Bonuses Are Not the Problem
March 18th, 2009 · 1 Comment · Bailout, Banks, Bonds, CDS, Credit Default Swaps, Federal Reserve, Financial, Housing, Nationalization
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