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Wanted by Tent City Homeless: AIG Senior Employees
Mar. 15, 2009 8:56 pmBy Louiseby Thom Hartmann
AIG's taxpayer-bailout was not because of it's insurance division, but its investment division, which came up with the idea of selling credit-default swaps – financial instruments premised on the idea that home values would never decline.
According to Time Magazine coming Monday....