Wyden questions Geithner on AIG CounterParties
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7:53
US Senate Hearing on AIG and Credit Default Swaps 03052009by dianeurquhart831 views- 10:00
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- 3:18
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- 5:01
Counterparty Risk; Investment Banks, Broker Dealers etc.by MyTrak1,485 views
- 0:38
Kucinich to Neel Kashkari...Who are you working for?by megamillions1246,525 views
its worse than greed, these people should all be put in jail!!!!
rickyq61 1 year ago
It looks like the guys went for the quick profits while they could . This shit is dishonest . Greedy bastards.
tlfettled 2 years ago
"Gee willakers, Senator Wyden, we couldn't do ANYTHING that wasn't perfectly legal and Constitutional...We just HAD to funnel billions and billions of dollars through AIG because otherwise my friends at Goldman Sachs would have to go out and get real jobs..."
carthfhuil 2 years ago
This guy is a complete idiot. Why was this AIG business risky?
And if it was risky, why would it matter if it were tied to an insurance company? I guess that mans it would be okay if it were NOT TIED to an insurance company?
The FIRST thing that the government should have done was to decouple the Financial Products from the Insurance business. If it were risky, it should have shut it down (and then no bonuses).
CDS are insurance on an uninsurable risk and create moral hazard. BAM!!!
666sigma 2 years ago