Tag Archives: AIG

Giving the power to Wall Street

The Obama administration, like the Bush administration before it, believes in the necessity of financial monsters like Citi, Bank of America and AIG. The proof is in their approach to fixing the credit and banking crisis. On Friday, the details of Treasury Secretary Geithner’s plan to save the banking system were leaked. As others, like […]

So long, and thanks for all the fish

(Updated twice below) Maybe keeping money under your mattress isn’t such a bad option anymore? Update Calming words from Alan Greenspan: Just kidding. The market is screwed! Update II From Who is IOZ? The thing to bear in mind about the “melt-down” of all these investment institutions is that the mainstream narrative, that great amounts […]