Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America Highlight

If enough of Neuger’s securities-lending clients demanded their money back at once, suddenly there was a real threat that the parent company AIG would have to reach down and liquidate the assets of these mom-and-pop insurance companies, leaving those tens of thousands of people out in the wilderness. All in order to cover Neuger’s colossally stupid and unnecessary bets on the mortgage market.