The company was indeed too big to fail. The money was provided to AIG in the form of loans and equity investments, contingent on the company’s winding down its AIG Financial Products Corporation and divesting itself of other … [Read more...]
Obama Say it isn’t so!!!!!!!!!!!!
Now does a double standard exist? It may appear so. U.S. aims to help firms sidestep bailout rules! Link: http://www.msnbc.msn.com/id/30... If this is the case and I am hoping it is a misunderstanding by the reporter and the Washington Post … [Read more...]
Turn on a light, Economics 101; Tarp money myths and misstatements. With Poll
Let me preface the discussion with the comments that preceded her statements, Peggy Noonan was criticizing the outlandish bonuses that were received during the time when these banks were making high risk bets that have ultimately cost you … [Read more...]