VA Foreclosure Defense: Another story on the massive losses of AIG which continues the policy of refusing to report the truth: AIG had to pay billions to the banks for the credit default swaps purchased - i.e. the bets that the mortgages they sold would fail (and they knew they would fail).

Saturday, November 6, 2010

Another story on the massive losses of AIG which continues the policy of refusing to report the truth: AIG had to pay billions to the banks for the credit default swaps purchased - i.e. the bets that the mortgages they sold would fail (and they knew they would fail).

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