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• AIG knew of potential problems in valuing swaps: report
NEW YORK (Reuters) - Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet ...
• Short-Sellers: Unfairly Targeted in the Market Crisis?
Perhaps most toxic among those derivatives are credit default swaps, the contracts that investors buy as insurance against a bank or other financial institution defaulting on the debt the investor has bought. What's quickly become apparent with the ...
• Lehman debt auction gives clue to potential losses
That's the upshot of an unusual auction process Friday that established the price for defaulted Lehman debt, and in turn potential claims payouts on insurance protecting that debt, known as credit default swaps. Certainly, some firms will take a hit ...
• AIG execs hid risks from auditors, panel finds
AIG suffered huge losses when its credit rating was cut, thanks largely to complex financial transactions known as “credit default swaps.” AIG was a major seller of the swaps, which are a form of insurance, though they are not regulated that way. ...
• Insurance giant AIG's role in market crisis probed
AIG suffered huge losses when its credit rating was cut, thanks largely to complex financial transactions known as "credit default swaps." AIG was a major seller of the swaps, which are a form of insurance, though they are not regulated that way. The ...