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YouTubeThe Survivors
AIG Sold $440 Billion in Protection... Then Housing Crashed #shorts #Shorts
AIG sold insurance on $440 billion in mortgage debt and lost everything. In the early 2000s, AIG Financial Products discovered a goldmine: credit default swaps (CDS). These derivatives let AIG collect premiums by insuring mortgage-backed securities against default. Between 2003 and 2007, their CDS portfolio exploded from $2 billion to $440 ...
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Liberal, Democrat woman says she moved to the red state of Wyoming from Washington and loves it 😩
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