Is your head spinning yet? Good. The original All I want for Christmas is you just kidding I want turtles shirt plan is still working. Very few people understood the intentional complexity of these financial instruments. The investment banks hedged the CDOs with another type of derivative, a credit default swap (CDS).
A little company called American International Group All I want for Christmas is you just kidding I want turtles shirt thoughtfully provided them. You may know that little company better as “AIG,” whom we bailed out because they were one of the companies whose failure would have had catastrophic repercussions.