March 2009
2 posts
I LOATHE the BankofAmerica...
dominilucy:
Thank you for jerking me over fuck faces.
Desperately Protecting A.I.G.’s House of Cards →
azspot:
To be sure, most of A.I.G. operated the way it always had, like a normal, regulated insurance company. (Its insurance divisions remain profitable today.) But one division, its “financial practices” unit in London, was filled with go-go financial wizards who devised new and clever ways of taking advantage of Wall Street’s insatiable appetite for mortgage-backed securities. Unlike many...