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November 06, 2012
Goldman: We Need To Become More Like AIG
Posted by David Zaring
Presumably releasing the news while everyone is paying attention to other, more electoral, matters, Goldman has put the CEO of AIA, the backbone (and one of the healthiest bits during the financial crisis, to be fair) of good old AIG, on its board. Maybe he'll be the one explaining to the bank how they might do a better job of monitoring counterparty risk whilst engaging in unhedged transactions with insurers far, far too big to fail.
Finance, Financial Crisis, Financial Institutions | Bookmark
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