Stress Test, Geithner
p 150
p 150
"Bear also had 750,000 open derivatives contracts. While our work with the fourteen families on derivatives infrastructure had made it easier for firms to determine their direct exposure to Bear, they had no idea how much exposure their counterparties had. During a panic they would be inclined to assume the worst and pull back from everyone potentially exposed to a Bear default."
p 192
"AIG was different. It had more than a brand name. It had 74 million policyholders in 130 countries who paid it premiums.
This Time
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