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AIG  also was an insurance who forayed into financials claiming it was only 'lending its good name', and it was 'for the sake of regulatory capital arbitrage rather than actual risk mitigation'.

Now the insurer is being dismembered, and the clients are going down one after the other for lack of anyone else to cover their risk...

Pierre

by Pierre on Fri Oct 3rd, 2008 at 05:37:55 PM EST
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