This is a really good article at Vanity Fair explaining what exactly happened at AIG that caused it to crash.
The Man Who Crashed The World
Friday, July 3, 2009
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The opinions stated at The Penny Daily blog are solely the opinions of the author, and should not be taken as a suggestion to make any specific investment or follow any investing method. Our opinions come with no guarantees. You should do your own research before making any decisions. Before making any decisions, consider the risks and seek advice from your personal financial advisor. You are the only one liable for any investment you make. The Penny Daily and its authors are not liable for any losses. We hold the right to change our opinions at anytime without notification. Past performance is not a guarantee for future performance. We do not guarantee any specific outcome for an investment. If you choose to to act on any information stated by The Penny Daily's authors, you do so at your own risk. We consider the information provided at The Penny Daily to be reliable, however that does not warrant its accuracy. Strategies presented may not be suitable for you, before making any investment consider your own situation. No content on The Penny Daily or by its authors should be construed as financial advice.
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