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The Nerds Who Brought Down AIG

The Meltdown

Scheme started 20 years ago.

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Mark Lennihan/AP

The Washington Post has a three-part investigative series on the collapse of AIG. In Part 1, the paper argues that the seeds of the fall be traced to a pair of nerdy go-getters, Howard Sosin and Randy Rackson, who hatched a scheme in 1986 to boost profits and minimize risk...

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