The Mudcat Café TM
Thread #114861   Message #2752061
Posted By: Riginslinger
24-Oct-09 - 08:37 PM
Thread Name: BS: Kucinich on the Bailout - interesting!
Subject: RE: BS: Kucinich on the Bailout - interesting!
The point being made, Q, is Goldman bought insurance through AIG to cover securities they didn't own and therefore could not lose money on. The didn't get paid for a loss, they got paid because they were a policy holder.