Reply #3: I get the inference [View All]

[gratuitous]

But I'm sure that AIG had no intention of being the loser at the end of the line who takes it in the shorts. They knew full well what sort of confidence game they were playing, and they knew it was going to fall apart eventually, and could fall apart at any time. They were just unprepared to be holding so much of the shit from Big Shitpile. The only reason AIG got hammered and, say, Chase didn't, was merely a matter of timing. Two weeks later and it could have been someone else getting clobbered.