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AIG sold insurance on $440 billion in mortgage debt and lost everything. In the early 2000s, AIG Financial Products discovered a goldmine: credit default swaps (CDS). These derivatives let AIG collect premiums by insuring mortgage-backed securities against default. Between 2003 and 2007, their CDS portfolio exploded from $2 billion to $440 ...
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讘讬讟讜讞 专讻讘 注诐 讛谞讞讛 诪砖诪注讜转讬转 讘讞讘专转 AIG
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