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AIG sold insurance on $440 billion in mortgage debt and lost everything. In the early 2000s, AIG Financial Products discovered a goldmine: credit default swaps (CDS). These derivatives let AIG collect premiums by insuring mortgage-backed securities against default. Between 2003 and 2007, their CDS portfolio exploded from $2 billion to $440 ...
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This is unmitigated horseshit. The only role Islam played in America’s history is that the first war America fought after the American Revolution was against muslims (Tripoli) who were attacking US shipping and taking Americans hostage. #Marines @USMC
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Modern American History | Cambridge Core
Modern American History | Cambridge Core
cambridge.org
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