NEWS ALERT from The Wall Street Journal
March 18, 2009
Some of the billions of dollars that the U.S. government paid to bail out American International Group stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the matter and documents reviewed by The Wall Street Journal.
The documents show how Wall Street banks were middlemen in trades with hedge funds and AIG that left the giant insurer holding the bag on billions of dollars of assets tied to souring mortgages.
For more information: http://online.wsj.com/article/SB123734123180365061.html?mod=djemalertNEWS
The article link above is also mobile friendly. Mobile users, click the link to see this story now.
FD: I am glad I don't have a mobile (?) because having this type of news being texted to my mobile would raise my blood pressure and kick up my bile.
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