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    Posted March 20, 2009 by
    jimmy11 |

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    Credit swaps and AIG

    By jimmy11  |  Posted March 20, 2009  
     

    The banking credit swaps that helped bring down the economy were legitimized by AIG. AIG allowed the banks like Goldman Sacks to use their AAA rating as a stamp of approval to sell these credit swaps. AIG should not be bailed out.  AIG is also being  used to funnel money through the back door to other financial institutions and Giethner knows it. Giethner should be fired

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