Obama and the "Savvy" Bankers | HuffPost Impact - discu.eu

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In fact, Goldman actually recognized that many of these loans would go bad. So they went to the insurance giant AIG and got them to issue credit default swaps against many of the securities it had created. In effect they were betting that their own securities were garbage. Now that is savvy. http://www.huffingtonpost.com/dean-baker/obama-and-the-savvy-banke_b_463063.html 15 comments 16/2/2010 politics

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Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis - The New York Times http://www.nytimes.com/2010/02/14/business/global/14debt.html 118 comments
HuffPost - Breaking News, U.S. and World News | HuffPost https://www.huffpost.com 10 comments

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