those who bought the CDS insurance now wanted payouts. AIG predictably died. (though the executives and the insurance salesmen got their bonuses despite losing their jobs)
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they can't buy the stock b/c it's a mexican standoff. the buying would trigger a mad rush driving up the price as each tried to save themselves. this gives room for the True Believers to amass positions b/c of the math, the profit is theoretically infinite the longer u hold outpic.twitter.com/A9qyRbD871
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