Any Derivative Traders out there that can comment?
AIG is on the cusp of full acceleration of their swaps. On CNBC, Carlos Mendez of ICP capital is saying that Asia big institutions are already trading as if AIG is already bankrupt, the calling the swaps. $75 Billion that the Fed, and big institutions are trying to raise is no where near enough to cover this.
If you don’t want ot listen to the whole CNBC clip, start at around 8 minutes
