On the recordMarch 16, 2009
There is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps AIG was invested in.
Source
congress.govThere is no system that is built to withstand an insolvency the size of the notional value of the credit default swaps AIG was invested in.
Shelby emphasizes the unprecedented scale of AIG's financial exposure.
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