AIG





Humpty Dumpty was Pushed

Gretchen Morgenson of NY Times is a great business reporter. She is one of the few financial reporters who went against the market hype during the dot com does real work. In her latest NY Times piece (Testy Conflict With Goldman Helped Push A.I.G. to Edge) she exposed Goldman Sach’s sleazy maneuvers that may have […]



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 […]


This Guy Shoud be Prosecuted

This news is at least 10 days old. But it is important enough to share with you. [This story is a bit of an extension on the post that was lost earlier: “Is Geithner Goner?”] This guy’s name is Stephen Friedman. While he was the Chairman of NY Fed, he oversaw the bailout of Goldman […]