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Politics

: PR Watch

As Owners of AIG, the American Public Deserves Some Answers

By Mary Bottari

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More than a year after reckless Wall Street gambling collapsed the economy, no employee of a major American bank or financial institution is behind bars. This fact is all the more astounding when it comes to AIG.

AIG was at the heart of the financial meltdown.  Their 'innovative' use of risky credit default swaps (a type of insurance policy on bonds) helped transform boring  bond trading into a highly leveraged, high-velocity global business. 

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Full post as published by PR Watch on December 21, 2009 (boomark / email).

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