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>How many entities do you know with almost 700bn in the bank? None but no single institution needed that much. Private investors, especially when working toget
by marcusgarvey 12y ago
>How many entities do you know with almost 700bn in the bank?
None but no single institution needed that much. Private investors, especially when working together, could have certainly stumped up funds for individual institutions. In fact, in the case of AIG such an overture by Chinese investors was rejected: http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bombshell-paulson-rejected-chinese-offer.html http://www.nakedcapitalism.com/2014/10/aig-bailout-trial-bom...
- toyg 12y agoThat's not "private investors", that's the Chinese government. This would have had clear political implication (the Chinese already hold a lot of US debt etc etc), but regardless, it was Nation-States making moves -- basically the only players in the game, on that size of petty cash.