AIG recoups billions in collateral payments - Elizabeth Harrow

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AIG recoups billions in collateral payments
Oct 29, 2009 05:10 PM UTC

Elizabeth Harrow

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Via BloggingStocks:

Filed under: SEC filings, Goldman Sachs Group (GS), Amer Intl Group (AIG), Options, Financial Crisis

A report in Thursday's The Wall Street Journal [subscription required] reveals that American International Group (NYSE: AIG) is actually reaping the benefits of its risky bets in the credit-default swap market.

AIG was forced to shell out billions to Wall Street banks amid last year's credit crisis, as the assets backed by the credit-default swaps plummeted in value. However, the market's reversal of fortune means that banking heavyweights, such as Goldman Sachs Group (NYSE: GS), are now returning collateral to the infamous insurance giant.

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AIG recoups billions in collateral payments originally appeared on BloggingStocks on Thu, 29 Oct 2009 12:10:00 EST. Please see our terms for use of feeds.

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