3 ms·
If only it were that simple. It probably won't only be the Germans who end up footing the bill for this. As I understand it, German banks bought Credit Defaul
by j_baker 15y ago
If only it were that simple. It probably won't only be the Germans who end up footing the bill for this. As I understand it, German banks bought Credit Default Swaps on these loans, so there's no telling who will ultimately end up footing the bill.
- marshray 15y agoUS taxpayers, citizens, and any others who slave away under US federal debt: http://en.wikipedia.org/wiki/American_International_Group#Federal_Reserve_bailout http://en.wikipedia.org/wiki/American_International_Group#Fe...