Did AIG cook up the entire "toxic asset" crisis with a lie to get bailed out?

In the beginning, because of other institutional failures like Lehman Brothers, AIG claimed that it would not be able to cover all of the assets that it had insured, and the result would be a complete financial collapse of the US economy.

Yet, AIG paid back all of them, and this is what AIG and other banks are failing to disclose, apparently per the advice of Timothy Geithner.

(If this is true, then the Liberal AssKicker and David Ramsey may have been the only two people in the country who claimed all along that there was never any evidence of economic collapse, and none of the bail outs were necessary. It was all panic driven.)

http://www.slate.com/id/2213942/
 
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