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AIG recoups billions in collateral payments

Posted Oct 29th 2009 12:10PM by Elizabeth Harrow (RSS feed)
Filed under: SEC Filings, Goldman Sachs Group (GS), Amer Intl Group (AIG), Options, Financial Crisis

A report in Thursday's The Wall Street Journal [subscription required] reveals that American International Group (NYSE: AIG) is actually reaping the benefits of its risky bets in the credit-default swap market.

AIG was forced to shell out billions to Wall Street banks amid last year's credit crisis, as the assets backed by the credit-default swaps plummeted in value. However, the market's reversal of fortune means that banking heavyweights, such as Goldman Sachs Group (NYSE: GS), are now returning collateral to the infamous insurance giant.

Continue reading AIG recoups billions in collateral payments

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