17 Sep 2008
CNNMoney.com, "AIG woes could swat swap markets"
NEW YORK (Fortune) -- If the death of Lehman Brothers upset the financial world, a collapse at AIG would have turned the credit markets upside down.
That's because AIG is more deeply involved than Lehman was in the fast-growing market for a kind of derivative called a credit default swap.
On Tuesday night, the Federal Reserve Board announced an $85 billion rescue plan.
View the full article at this link.