Fri 2009-07-24 00:00 EDT

naked capitalism: Guest Post: AIG CDS Unwind Goes From Waterfall To A Trickle

*** banks' fixed income trading desks generated phenomenal profitability in January and February hadnothing to do with actual trading of fixed income and everything to do with AIG's hamheaded (and loss-generating) unwind of its CDS book''

AIG CDS Unwind Goes; Guest Post; naked capitalism; trickle; waterfall.