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eninvest76

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eninvest76

Re: SBL321 post# 148363

Wednesday, 05/06/2009 3:37:35 PM

Wednesday, May 06, 2009 3:37:35 PM

Post# of 704570
dude you remember AIG is quoted as a BLACK.HOLE?

AIG sold more CDS swaps (insurance) than they had capital to pay out if the market turned down (market did turn down)... this is a company that should've had shareholders WIPED OUT and forced into bankruptcy. However, seems the GOLDMAN SACHS had a lot of exposure to AIG failure.

There's some stinking stuff going on at AIG. You can trade it, but remember IMO you're gambling with a nigerian.
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