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Did AIG commit fraud with credit default swaps?

April 26, 2017aig credit Default fraud Swaps

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Did AIG commit fraud with credit default swaps?

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With the world economy in stress, the root cause is from “credit default swaps”. We could have had a down turn in the economy, and still been ok, if not for the non-regulated “credit default swaps”. AIG made billions with them, while not having the assets to back them. I think jail time is more appropriate than a bonus for the folks at AIG.