God Bless AG Cuomo

[annarborgator]

This may not be a grievance, but it's a hopeful sign in resolving one of my grievances: the absurd CDS market. It may bring out nasty info, but at least we may get some answers:

Cuomo To Subpoena CDS Information From AIG

...Or so reports the WSJ. The attorney general has proven to be quite successful at getting whatever information he wants (especially with public lynching as a negotiating tool), so the entire credit community is drooling in anticipation to find out just how scary the real picture at AIG FP's global operations truly is (ZH is quite curious what the DV01 on AIG's entire portfolio is). This may end up being one of those rocks one doesn't want to peek under, as the nicely manipulated and well-hidden truth on AIG's mutual assured destruction interconnections within the financial world will be revealed, and should make for cheerleader sessions just a tad more difficult to conduct once the real fact are exposed

http://zerohedge.blogspot.com/2009/03/cuomo-to-subpoena-cds-information-from.html