What is AIG doing now? And is the Fed buying Greek bonds to cover them?

Pierre Legrand has some interesting observation’s .

Wow these guys at AIG sure have a knack for writing insurance they cannot cover. Sort of like the politicians whose mouths write checks our labor can never cover!

There’s a lot of quoting by Mr. Legrand to prove his point that just doesn’t lend itself to snippets. You should go read the whole thing.

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