Posted On: November 12, 2008, 3:32 pm CST

Posted By: dum dum

Sir, you have just enough ignorance to make yourself dangerous. CDS did cause the problem...however, had they avoided these instruments the stockholders would have wondered why we were not participating in this (at that time untapped market) very profitable area. Further, w/o fed or state reg you could leverage out to 40 to 1. Unfortunately 2 people in a bank holging comp AIG sank the ship. However, even today the subsidaries or insurance companies were and remain profitable. that means 120,00 people in 130 countries are paying for the immense greed of 2 idiots.had the majority of people at AIG known this they would have terminated their influence early on.You are to stupid to see that and think this thinking is corporately systemic.You also failed to understand the impact of the credit rating agerncies on the luquidity of AIG. You also fail to understand the mark to market accounting principle driving these issues. Continue to read the "paper" written for 6th graders! When you understand sector systemic risk chime in. You were probably against saving western europe as well.