After all the money AIG's had shoveled at it, why does it need another $10 billion? Because, as the Wall Street Journal reports, the money its gotten from the government are supposed to pay off its bad CDS bets -- essentially, the money went to retiring the underlying CDO.
Discuss It!
If your company can not survive after dumping over $100 Billion into it, then why should you have ever gotten a loan in the first place?
posted by: MrArthur Dec 10, 2008
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