GM has written billions of $s worth of bonds which people insured with AIG. But as GM's future has become dodgy a whole raft of people who never held GM paper "insured" against loss. Apparently here are many times more swaps than bonds.
Why don't they just go to the casino? You can get complimentry drinks served by pretty girls there, at least.
derivative market losses starting to emerge, page-13
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Last
8,187.4 |
Change
10.500(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,176.9 | 8,226.7 | 8,173.8 |
| XJO (ASX) Chart |