John Lounsbury
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The FSB's Big, Bad 30 [View article]
The thinking seems to be that C is only 40% owned by the U.S. government and therefore still poses a risk because it is not under sovereign control. AIG is 89% government owned and is therefore no risk unless the U.S. fails.
In my articles during the past summer I considered both C and AIG failed concerns and therefore under government receivership. The case of C can still be debated; with AIG there is no debate.