Trillions of dollars of AIG, Citibank and Goldman Sachs US dollar counterparty derivatives are sitting in major Japanese and Chinese banks. They expire in May 2009.

[jose v]

Trillions of dollars of AIG, Citibank and Goldman Sachs US dollar counterparty derivatives are sitting in major Japanese and Chinese banks. They expire in May 2009.
Former US Federal Reserve Chairman, Alan Greenspan, guaranteed face value payment on these toxic assets. The Fed does not have the funds to pay them off. The US national bankruptcy is now critical.

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