harveyT wrote:
I think it had nothing to do with picking winners and losers. It was an attempt to limit the worldwide financial and banking fallout which would have occurred had AIG collapsed and all of the credit default swaps they guaranteed lost that guarantee. Major banks around the world would have collapsed because they couldn’t instantly make the cash payments necessary to meet their obligations under the swaps.
Uh.....Harvey, did you know you were responding to a 4 year old post just now??
if so...carry on!