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Tuesday, May 11, 2010

How much are we on the hook for for Greece?

AIG is issuing credit default swaps for loans to Greece. As it is, the US is on the hook for $200 billion for Greece's loan. If Greece defaults on its loan (it cannot sustain itself because of high salaries and early retirements), who knows how much the US will loan, per David Asman, Fox News. Who knows.

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