To: CharacterCounts
You have a reading problem , if the crooks in the special products division, of AIG, sold coverage to the bond holders, due to the bailout we the tax payers are still going to pay and so far, they, the fools at treasury have been paying 100% on the dollar.
32 posted on
04/30/2009 11:05:00 AM PDT by
org.whodat
(Auto unions bad: Machinists union good=Hypocrisy)
To: org.whodat
My reading is fine. AIG acts irresponsibly and you want to punish the people they acted irresponsibly toward. Investors purchase bonds because of the lowers risk and are willing to accept a lower return on their investment to obtain that lower risk. They further reduce their risk by purchasing insurance.
Turning low - risk, low - return investments into high - risk, low - return investments is economic stupidity.
36 posted on
04/30/2009 11:11:45 AM PDT by
CharacterCounts
(November 4, 2008 - the day America drank the Kool-Aid)
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