Explaining AIG: Leave it to Stewart

Two years of business school education, and decades of experience in dealing with worthless securities is not enough to understand the complexities behind AIG bailout. Bernanke, one of the architects of the bailout, once expressed “outrage” over AIG executives getting bonuses. Today and this week both Bernanke and AIG will be in the news a lot.

If you don’t understand what all this nonsense meant, leave it to Jon Stewart.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
The Notorious AIG – Outrage
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I am a professor by trade and 100% pure Gongura Gulute by birth. I believe in “survival of the fittest” mantra, but my philosophy is to “live and let live.” Therefore, I am at neither extremes of the political spectrum. I am an independent and I love it that way.