American International Group (AIG) was a huge credit crisis, AIG was obliged to of credit...
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Finance
American International Group (AIG) was a huge credit crisis, AIG was obliged to of credit default swaps (CDS) that offered protection against mortgage defaults, so when many mortgages defaulted during the a, buyer, sell its CDS contracts to raise capital b.seller, make large payments to the buyers of the CDS contracts cseller, repurchase the CDS contracts it had sold d. buyer; surrender its CDS contracts to the Federal Reserve
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