tag:blogger.com,1999:blog-5713178645208582139.post2287574292715918872..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: The Latest Fed SmackdownsDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-81595496565060384122010-05-04T21:00:40.306-05:002010-05-04T21:00:40.306-05:00"8. More leverage took place in the shadow de..."8. More leverage took place in the shadow derivatives market. That allowed firms like AIG to write $3 trillion in derivative exposure, much of it in mortgage and credit related areas."<br /><br />Is this saying that AIG wrote a huge amount of credit default swaps?<br /><br />Is risk exposure counted as debt to calculate some kind of leverage ratio?<br /><br />I don't think that AIGBill Woolseyhttps://www.blogger.com/profile/06330232724290161369noreply@blogger.com