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Posted on 11/02/2009 8:18:44 AM PST by FromLori
Edited on 11/02/2009 8:20:18 AM PST by Admin Moderator. [history]
Yesterday, I linked to an anonymous blogger/Goldman apologist who wrote that Tavakoli "has always been more bark than bite. Being provocative is part of her shtick."
In August 2007, I publicly challenged the fact that AIG took no write-downs whatsoever for its credit default swaps on underlying mortgage related “super senior” positions. I used the example of its aggregate $19.2 billion in credit default swaps on super senior positions backed by BBB-rated tranches of residential mortgage backed securities. I spoke with Warren Buffett, but only about what I had already told the Wall Street Journal (Dear Mr. Buffett Pp. 164-165, 246).
(Excerpt) Read more at economicpolicyjournal.com ...
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