Context: A.I.G. 's financial statements provided a clue to the identities of some of its credit default swap counterparties . The company said that almost three - quarters of the $ 441 billion it had written on soured mortgage securities was bought by European banks . The banks bought the insurance to reduce the amounts of capital they were required by regulators to set aside to cover future losses . Enjoy the absurdity : Billions in unregulated derivatives that were about to take down the insurance company that sold them were bought by banks to get around their regulatory capital requirements intended to rein in risk .
Question: What may be the reason for posting this ?
Option 0: To sing the banks praises
Option 1: To talk about how banks are exploiting people .
Option 2: To talk about bank offerings
Option 3: None of the above choices .
Answer: 1