The most interesting question, I thought, was from a woman who asked why Bair acted competently and effectively in the crisis when the rest of the Bush financial leadership did not. Bair didn't really answer, but a good answer was … [Read more...]
Bad Boys at AIG at it again
Well I am not sure if anyone else missed this little gem of a news blurb but it seems in February AIG filed a law suit against the IRS for a refund of a tax claim related to off shore accounts. http://www.boston.com/business... You may want … [Read more...]
New FDIC Coverage – is it real?
As I understand it, the bailout bill passed today increases FDIC insurance of cash bank deposits from $100,000 to $250,000. My question: is this effectively a scam? I mean, where is the money coming from to cover this insurance … [Read more...]