The Perils of Working with the Government

When AIG failed, the government stepped in to honor their commitments.  Now the government is second-guessing AIG's decision to meet the margin calls demanded contractually by the terms of the CDS agreements.  They don't like the fact that foreign banks and banks such as Goldman Sachs received taxpayer money.

The deal with the devil gets worse and worse.  Who in their right mind wants to partner with the government to do anything?

But that's just my opinion…

Lawmakers Ask Why AIG Paid Banks

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