AIG knew of potential problems in valuing swaps: report (Reuters)

October 13th, 2008 by admin

AIG knew of potential problems in valuing swaps: report
(Reuters)

File photo shows the logo of American International Group (AIG) at their offices in New York September 18, 2008. (Eric Thayer/Reuters)Reuters – Top executives at American International Group Inc knew of potential problems in valuing derivatives contracts, known as credit default swaps, long before questions about the risky transactions caused its stock to plummet, the Wall Street Journal said, citing documents released by congressional investigators.

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