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Although debtor of one’s bond deposits cash just like the equity that have the lending company, in this case AIG

Revisiting brand new AIG Bailout

For me personally, the bailout of the AIG insurer into usually endured out of the other bailouts to that time. If bailing aside higher banks is actually a necessary step or not, at least it actually was visible as to why banking institutions was indeed in big trouble: construction pricing had dropped dramatically, and you can substantially more somebody than simply asked was basically neglecting to pay their mortgage loans. Also, it absolutely was visible the evident lose inside casing cost could produce significant problems to have Fannie mae and you may Freddie Mac computer, the two biggest government providers that have been to order mortgages, bundling them together, and reselling them. Ler mais