ATLANTA— The AIG bailout is a colossal, short-sited mistake! Radical position- I know. Many are saying this move staved off the collapse of the US economy and the start of a new Great Depression. But I think there are some big reasons to be worried about it. I’d love to hear your thoughts. Here are [...]
Archive for September 19th, 2008
AIG: What It Is, Why It Matters, and 4 Reasons Why the Bailout is a COLOSSAL MISTAKE!
Posted in Economy, tagged Accounting, AIG, Bailout, Business, Credit Default Swaps, Derivatives, Economic collapse, Fallout, Federal Reserve, Federal Reserve Chairman, Great Depression, Insurance, Liberal, Political Left, Taxes, Taxpayer, US economy, US Treasury on September 19, 2008 | 19 Comments »