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the claim
AIG's credit default swap losses were a major cause of the 2008 financial crisis.
the verdict
INSUFFICIENT LEANING
Recorded sources
5 sources for · 0 against
Is it true that AIG's credit default swap losses were a major cause of the 2008 financial crisis?
Unclear. Several sources indicate AIG's credit default swap losses were a major contributing factor to AIG's collapse and played a pivotal role in the 2008 financial crisis, but none directly establishes that AIG's CDS losses were a major cause of the crisis itself.
Verdict: PARTIAL LEAN · 5 sources for, 0 against · Last checked
Evidence for · 5
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Credit default swap. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Credit_default_swap
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More for · 4
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AIG Financial Products - Wikipedia. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/AIG_Financial_Products
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Not Fannie and Freddie: Wall Street's Trillion-Dollar Fraud Machine Inside the Machines of Mortgage Madness, Derivatives, and the CDS Time Bomb. (2025). doi.org. https://doi.org/10.2139/ssrn.5690883
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Maeno, Y., Nishiguchi, K., Morinaga, S., & Matsushima, H. (2014). Impact of credit default swaps on financial contagion. arxiv.org. https://doi.org/10.1109/CIFEr.2014.6924067
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AIG Case Study Applied to the Efficient Capital Market Hypothesis and the Legal Theory of Finance. (2015). ssrn.com. https://doi.org/10.2139/ssrn.2545073
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