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Title : The Downfall Of Aig

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The Downfall Of Aig

Those of you lot exterior of Washington, DC probable missed the Washington Post's three-part investigation of the events leading to the downfall of AIG.

It makes for practiced vacation reading. I highly recommend the serial to you.

Knowing the civilisation at AIG from many years of action amongst the fellowship in addition to its leadership, I tin enjoin you lot the flush surely has the civilisation right.

While this is non a wellness attention flush per se, it is a flush virtually gamble taking in addition to understanding, in addition to never getting cocky about, risk. AIG execs argued for years they actually had no gamble inwards their credit default swap business. My sense is that when somebody is willing to pay you lot lots of coin to set a gamble off on you--in this representative a whopping $80 billion of exposure--there is risk.

You tin read the amount study here.

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