AIG, Where Taxpayers’ Dollars Go to Die - New York Times

AIG, Where Taxpayers’ Dollars Go to Die New York Times, United States Back to Mr. Buffett’s recent shareholder letter: when Berkshire acquired the insurance company General Re in 1998, he wrote, General Re had 23218 derivatives contracts that it had struck with 884 counterparties. Mr. Buffett wanted out from under the ...