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Tuesday, September 16, 2008

I'll take AIG for ~$85 Billion, Alex

Okay, this is not a *liquidity* crisis, at levels of $85 billion possibly in 'special financing' ...

This is a solvency issue, right?

(AIG have only $89 billion in tangible assets reported and about the same in equity ...yes, that means that they bet the firm once over off balance sheet, at least, ).