American International Group (AIG)was a huge _______ of credit default swaps (CDS)that offered protection against mortgage defaults, so when many mortgages defaulted during the credit crisis, AIG was obliged to _______.

Question

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AIG was a major seller of credit default swaps, and when the mortgages defaulted, it had to make significant payments to those who had bought the CDS contracts from them.

American International Group (AIG)was a Huge _______ of Credit Default