SavannahMann
Platinum Member
- Nov 16, 2016
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AIG had written what were in essence insurance policies on stock holdings for people who owned Lehman.
It was called a Credit Default Swap.
CDS had to do with debt (credit) not stock (equity).
When Lehman went down AIG was on the hook for more than $100 billion.
I believe you're confused. Do you have any backup?
Regulations were put in place to keep that sort of thing from happening again.
What sort of thing, Credit Default Swaps?
You really need to watch the movie.