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On Cspan - - AIG "CDO Swaps 101

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Elliott

Thread Starter
Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
I'm just a little residential appraiser, but the way I understand it
AIG and the 'others' were investing in products they didn't really
understand, but when asked if everything was okay, of
course they said yes, but in reality they were okay if their
last double or nothing bet turned out okay, then they'd be
okay, but of course they were obligated to stay at the table,
and keep making the double or nothing bets.

And we all are bailing them out!
 
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