AIG CDS Chart Reflection (Insurance on the Insurer) 2008-2010

Below is the 5-Year AIG Group Credit Default Swap from 2008-2010 via Bloomberg.com (link: CAIG1U5). The chart shows the insurance premium to protect against the default of the biggest property and casualty insurance company in America (in 2006 and 2007). AIG's Fortune 500 rank was #9 in 2006, #10 in 2007, #13 in 2008 and #245 in 2009. AIG Group CDS is currently trading at 2008 levels, the period of complacency before the Lehman bankruptcy bomb hit. Pretty big moment in history no?

Related news:
AIG Said to Weigh Warrant `Sweetener' as Way to Keep Common Shareholders: Bloomberg
In exit plan, AIG may be 90% owned by government: WSJ 
Signs of Financial Stress First Appeared in Credit Default Swaps (CDS) 

Related Posts

Comments

HTML Comment Box is loading comments...