FCIC - Snippets
- 2008 0916 (9pm) - FCIC - KKR - Email from Tagar Olson Regarding AIG - 5p
- If you assume that the economic losses against the CDS book (estimated by Blackrock at $11-$18bn) and other under-reserved amounts/ questionable assets (the great unknown) are less than the value of their core insurance and other businesses (~$100bn of book value), this could be a very profitable trade for taxpayers.