Suspicious Timing Surrounding The "De-risking" of AIG's Toxic Obligations

As with everything related to the backdoor bailout of the banks, timing and dates are critical. In the weeks and months following the de-risking of AIG's CDOs, the ratings of those seven deals were slashed severely. The ratings agencies are regulated by the Federal government. There is no way that Congress can understand the AIG bailout without carefully scrutinizing the decision making process behind these specific ratings and subsequent downgrades.