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The government did not back those credit default swaps, until they did of course. But the fact that the government stood behind other forms of insurance at AIG
by jbooth 14y ago
The government did not back those credit default swaps, until they did of course. But the fact that the government stood behind other forms of insurance at AIG doesn't mean that they were obligated to pay back the CDSs. Again, until they did so after the fact.