"The insurance claims were paid off in full, even though widespread defaults on the underlying debt have not occurred. Why, many people wonder, did the Fed make A.I.G.’s counterparties whole on losses that have not happened yet? Why didn’t it force these financial companies to close out the contracts at a discount." Hello ?? President Obama??
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6-2-2026
Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...
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They're saying F-U to Congress, essentially read more | digg story
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A lot of criticism was given to the Bush Administration for proposing a 3-page bill to address the financial markets. While I had some criti...
1 comment:
Agreed. Bush? Paulson?
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