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Thursday, March 19, 2009

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Both NYT and WP article make no sense. People who worked in these situations know very well how hallow these claims made in the media are. We should all be happy even though it is late, at least now the law makers woke up to the reality. These so called CDS traders are nothing but glorified back office clerks.

Eric Strobes

Michael, don't you agree that this whole sorry mess could have been avoided if AIG had been declared bust BEFORE the money was put in? Roll over all the customer obligations yes, but shareholders/ staff lose everything. Then start again. Why wasn't this done? Please , please explain...

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