Sunday, March 15, 2009

AIG bonuses:

This could be a real turning point in the politics of the financial crisis. Looks bad for AIG all around. Bailout money goes to Europe (some of it anyway). Bonuses go to the London (!) Financial Services office. If this whole mess was confined to domestic players, it'd still be bad, but the idea of money going overseas (even to a well-liked country like Britain) will get people hopping mad.

Nationalization may come sooner than you think.


you say nationalization . . .
I say receivership . . .
nationalization, receivership, nationalization, receivership, Let's call the whole thing off . . .

By Anonymous Anonymous, at 3/16/2009 5:17 PM  

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