[NonValueAdded]

Good discussion on PMI here: Private Mortgage Insurance. The bottom line is that WE are the insurers of last resort and our chickeeeeeens have come home ... to roooooooost.

[TenthAmendmentChampion]

From the article:

“Croesus was informed Saturday that these complex contracts were hedged until former Chairman Hank Greenberg was ousted from his post in April 2005. Sources close to Greenberg claim AIG held very little subprime paper, if any, before April 2005. But during the last part of 2005 AIG got deeply into subprime mortgages.”

Thanks again, Eliot Spitzer. For nothing!!!