I will ask my question again:
If the mortgage companies insured by AIG need to collect their insurance because their customers have defaulted, will this bailout keep AIG afloat? Will they need more? Even with a fairly conservative estimate of defaulted mortgages what would be the outlook?
Thanks!
(I am still laughing about my buddy who bought a bunch of Fannie and Freddie stock in July. Not enough to ruin his life or anything, just enough to laugh about his ill fated decision)
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