During one of his segments this morning, David Faber decided to address a “blogosphere” rumour about AIG (AIG) being the root cause of the bank’s profitability in Q1. He was referring to this — the allegation that AIG is unwinding its trades in a manner extremely generous to bank counterparties.
Faber’s response: “Wish we’d mentioned that earlier, we certainly knew it.” (via Karl Denninger)
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