Begin forwarded message:
From: dasg...@aol.com
Date: March 20, 2009 12:32:10 AM PDT
To: ramille...@aol.com
Cc: ema...@aol.com, j...@aol.com, jim6...@cwnet.com,
l...@legitgov.org, countd...@msnbc.com
Subject: What Geithner/Bernanke Won't Reveal: 'Bailing Out' AIG Will
Cost Us $2 TRILLION
AIG insured $1.6 trillion in derivatives
Posted by Cory Doctorow
March 9, 2009 2:58 PM
http://www.boingboing.net/2009/03/09/aig-has-insured-16-t.html
And you thought AIG's $62 billion quarterly loss last month was bad ...
It turns out that the company has a further $1.6 trillion in
outstanding derivatives exposure, according to this leaked memo that
AIG sent to the US Treasury in order to beg for another $30 billion:
http://www.scribd.com/doc/13112282/AIG-Risk-Bankruptcy-Report
Feeling the pinch at the grocery store? Make dinner for $10 or less.
