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Reply #4: They would've made more money selling risky mortgage-backed securities insured with CDOs through AIG [View All]

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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-29-11 01:08 PM
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4. They would've made more money selling risky mortgage-backed securities insured with CDOs through AIG
AIG would've had to pay out big on those CDOs whenever mortgages went into default, but they would've made big bucks with no jail time. Just ask the kingpins on Wall Street how they run their casino.
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