To: dennisw
include banks, brokers, pension funds and other gamblers who paid premiums to AIG in order to insure the value of their bond portfolios against calamitous losses.
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If the ‘bond portfolios’ were such a big risk, banks, brokers, pension funds should have stayed out of them.
20 posted on
03/21/2009 4:38:55 AM PDT by
Son House
(National Disasters Will Be Devastating Since Mr. Øbama's Spending Will Erode First Response Funding)
To: Son House
If the ‘bond portfolios’ were such a big risk, banks, brokers, pension funds should have stayed out of them.
True but at the very least, AIG should not have insured them for the very same reason.
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