Friday, January 15, 2010

MORE STUFF I DIDN'T KNOW

(h/t Barry Ritholtz)

In addition to allowing AIG to keep secret the fact that it paid 100 cents on the dollar to the banks for CDS that were worth a fraction of that, the SEC allowed AIG to keep this a secret until 2018. Jeez, it's as if the MOTU don't want us to know what they are up to. :-)

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