"Arcane Market Is Next to Face Big Credit Test"

"Arcane Market Is Next to Face Big Credit Test," see http://www.nytimes.com/2008/02/17/business/17swap.html.

Here's a snippet from the article:

"And last week, the American International Group said that it had incorrectly valued some of the swaps it had written and that sharp declines in some of these instruments had translated to $3.6 billion more in losses than the company had previously estimated. Its stock dropped 12 percent on the news but edged up in the days after."

....... http://www.JoeFRocks.com/ .