Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

AIG Training Manual" rel="bookmark">Credit Default Swap Math As Explained In The AIG Training Manual

I just found the secret to under­stand­ing AIG’s finan­cials.  Just watch the video below.  Is is a MUST for Trea­sury Offi­cials so that they can fig­ure out why we are putting so much money in AIG

 

[flv:mtm.flv 325 255]

 
 

 

Posted in: AIG, Credit Crisis, Credit Default Swaps, economy, Finance, Politics, Public Policy

4 Comments

  1. Mez

    Mark,
    You always seem to sim­plify a com­pli­cated sit­u­a­tion.
    After read­ing the GM blog I thought you had peaked. I look for­ward to rid­ing in your car with out a bag on my head…
    BMM

  2. Scott Kravatz

    Best expla­na­tion I’ve heard. It all makes sense. Also
    2 = 1

    assume
    a = b
    mul­ti­ply both sides by “a“
    a * a = b * a
    a * a = a^2 (a squared)
    a^2 = b * a
    sub­tract both sides by b squared
    a^2 — b^2 = b * a — b^2
    (a-b) * (a+b) = b * (a — b)
    divide both sides by (a — b)
    a + b = b
    since a = b
    b + b = b
    2 * b = b
    divide both sides by b
    2 = 1

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>