September 16, 2008
Some quick links (not all of them AIG related) that others may find interesting: Inside the Paulson Doctrine: Who wins, who loses, and why more disclosure is needed (Roger Ehrenberg) Let's start by finding some people to blame (Michael Lewis/Bloomberg)...
The Treasury announcement with respect to using the Fed and Section 13(3) of the Federal Reserve Act to bridge insurer AIG is out. Here is the release: Release Date: September 16, 2008 For release at 9:00 p.m. EDT The Federal...
I wish people would shut up about "moral hazard". Yes, bridging AIG through its current crisis is not something you want to do; and yes, it would be better if the market solved its own problem. But even a cursory...
Take your second deep breath of the week. We are at a cusp tonight, with a Treasury deal allegedly on the table to provide a $80b bridge loan to doombound insurance company AIG. The deal would apparently include warrants to...
Charlie Rose continues to do, far and away, the most thoughtful and lucid work on the ongoing financial crisis. The following conversation from last night's show is another good example. It includes my friend Nouriel Roubini, who came straight over...
