"In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-tak...
Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have sparked a global banking panic.
Photo by Ákos Szabó
Photo by Ian Turnell
Given the extent of the exposures of major banks around the world to A.I.G., and in light of the ext...
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