Check out this heatmap of the infamous credit default swap (CDS) market, courtesy of Zero Hedge. Obviously November 19th (the date of this heatmap) was a pretty bad day given all the red, which indicates weakness.
Yet also notice the massive size of AIG as a proportion of the map. AIG credit default swaps make up a huge chunk of the upper left hand corner.
Upper left hand corner, zoomed-in -- This is what too big to fail looks like:
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See Also:
- The AIG Bailout Is Still A Mystery Shrouded In Lies
- Hank Greenberg: I'm Not A Billionaire Anymore (AIG)
- TARP Inspector Barofsky Slams The AIG Counterparty Ripoff (AIG, GS, UBS)
Full story at http://feedproxy.google.com/~r/businessinsider/~3/eXtKG7cZH1Y/this-is-what-too-big-to-fail-looks-like-2009-11
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