This Is What Too Big To Fail Looks Like

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.

CDS Heatmap

Upper left hand corner, zoomed-in — This is what too big to fail looks like:

CDS Heatmap

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