Remember Cramer's rant about the blow-up that was to come on a certain date, and then it appeared that it was only $6 billion? Well this very good article explains what happened and what is still to happen.
http://us1.institutionalriskanalytics.com/pub/IRAStory.asp?tag=319
Wednesday, November 19, 2008
Why the AIG-Lehman Blow Up Apparantly Did Not Occur But Does Lurk
Labels:
aig,
credit default swaps,
lehman
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