WAS Chief of AIG Financial Products (2001-2008) WHAT HE DID Blew a $500 billion hole in fabric of the universe by placing massive bet on the bubble economy with money he didn’t have. WORST MOVE In August 2007 told investors his CDS deals could not lose even “$1″; lost $352 million that quarter. NOW Enjoying his $280 million [...]
Posts Tagged ‘bubble economy’
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