Whiteboard Collateral calls Marketplace

Collateral calls

Paddy Hirsch Mar 24, 2009
Whiteboard Collateral calls Marketplace

Millions of Americans are wondering why AIG has paid so much taxpayer money to other banks. One reason is because AIG has had to honor “collateral calls” — demands made by banks on the insurance contracts it’s written. Senior Editor Paddy Hirsch explains,

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