AIG had written borrowing standard exchanges toward over $five-hundred mil inside possessions

AIG had written borrowing standard exchanges toward over $five-hundred mil inside possessions

It is the new $78 million from inside the credit default exchanges to your multi-sector collateralized debt obligations-a safety backed by obligations money from residential and you may industrial mortgage loans, home equity fund, plus-one turned-out extremely troublesome. AIG’s dilemmas had been made worse by proven fact that these were one to-method bets. AIG did not have any offsetting ranking who does profit in the event that their exchanges inside sector forgotten currency. Devam

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