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A comment on The Real AIG Scandal. Parent comment
AIG exploited a loophole; it was a case of complying with the letter of the rule, but going against its spirit.
If you're going to argue that regulation is the solution
Not my assertion at all; I'm merely answering your original question about how foreign banks got stung by their involvement with AIG.
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AIG exploited a loophole; it was a case of complying with the letter of the rule, but going against its spirit.
If you're going to argue that regulation is the solution
Not my assertion at all; I'm merely answering your original question about how foreign banks got stung by their involvement with AIG.