Cuomo Goes After AIG Swap Counterparties

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	Cuomo Goes After AIG Swap Counterparties

Maurna Desmond

3-27-2009 11:30 AM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6d4a4cdc-6567-419e-b953-322787f450c7/851AE525-CEDA-40F2-8241-A1F833F8455E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601110&sid=asZ6r4QWJz_A" href="http://www.bloomberg.com/apps/news?pid=20601110&sid=asZ6r4QWJz_A" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601110&sid=asZ6r4QWJz_A"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.bloomberg.com/img/9334EED7-6026-41E1-9E2D-19F48705D926" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601110&sid=asZ6r4QWJz_A"><P>“Our investigation into corporate bonuses has led us to an
investigation of the credit-default swap contracts at AIG,”
Cuomo said yesterday in a statement. “CDS contracts were at the
heart of AIG’s meltdown. The question is whether the contracts
are being wound down properly and efficiently or whether they
have become a vehicle for funneling billions in taxpayer dollars
to capitalize banks all over the world.”     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/851AE525-CEDA-40F2-8241-A1F833F8455E/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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