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Propping Up a House of Cards by Joe Nocera

Posted by mrchowderhead 1181 days ago (http://www.nytimes.com)
Category: Business | Tags: aig credit default swaps mortgages
An insightful explanation on AIG and how its involvement in credit default swaps puts it at the center of the financial meltdown. Nocera does a great job of explaining the concepts of regulatory arbitrage and ratings arbitrage.
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