National News
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Lehman Debt Auction Gives Clue to Potential Insurance Payouts
National News • October 13, 2008
Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance ...
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| Subject | Posted By | Posted On |
|---|---|---|
| Its begining?? | Shrinivas Shikhare | Oct 21, 2008, 7:04 am |
| RE: RE: RE: aig - finance not insurance | Stat Guy | Oct 14, 2008, 10:21 am |
| RE: RE: RE: aig - finance not insurance | who cares? | Oct 14, 2008, 8:48 am |
| RE: RE: aig - finance not insurance | amazed | Oct 14, 2008, 7:57 am |
| RE: aig - finance not insurance | Oct 13, 2008, 4:26 pm |
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| aig - finance not insurance | az | Oct 13, 2008, 12:41 pm |
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Subject: RE: aig - finance not insurance
I saw the CDS called "contracts".
You're right though, the financial arm of AIG is what crippled the company but they have to get the money to pay back the "loan" somewhere - that somewhere also impacts all other divisions and assets of the AIG umbrella.
Doesn't really matter what division is doing what... they're all being looked at as disposable and liquidatable assets now.