Sunday, November 01, 2009

Follow Up on AIG

This article from April 2009 says they have wrapped up about 50% of their CDS business but the rest will not be finished until end of 2010, with some even lasting longer.

Another more recent article about AIG is very interesting as well, as they are getting some money back as the financial market improves. Also interesting is the idea that the government could have temporarily guaranteed the collateral rather than bailing out AIG (sort of the same thing, but perhaps with less active ownership.)

From these two articles it appears they are no longer selling CDS just winding down.

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