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The explanation for saving AIG just days after letting Lehman Brothers fail was that A. AIG, much like Fannie Mae and Freddy Mac, had implied
The explanation for saving AIG just days after letting Lehman Brothers fail was that A. AIG, much like Fannie Mae and Freddy Mac, had implied government backing to begin with. A. AIG had a liquidity crisis whereas Lehman had a solvency crisis. A. Hank Paulson just really hated Dick Fuld (the CEO of Lehman) A. AIG was much larger than Lehman Brothers
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Reforming The Governance Of The Financial Sector
Authors: David Mayes , Geoffrey Wood
1st Edition
0415686849, 978-0415686846
