http://www.pbs.org/newshour/bb/business/july-dec08/solmancredit_10-07.html
Insurer AIG is among the financial titans to hit troubled times in the recent Wall Street crisis. Paul Solman takes an in-depth look at the woes at AIG and explains how credit default swaps played a role its financial turbulence. You can ask Paul questions through the NewsHour’s Business Desk at: http://www.pbs.org/newshour/businessdesk/
Duration : 0:7:55
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Airing Date Oct.5, 2008
Congressman Alan Grayson discusses how AIG went under. Yes, there were bad credit default swaps involved, but that does not explain the extent of the greed.