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Mass Hysteria over AIG Obscures simple truths

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Mass Hysteria over AIG Obscures simple truths [#permalink] New post 20 Mar 2009, 23:28
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http://www.bloomberg.com/apps/news?pid= ... refer=home
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Re: Mass Hysteria over AIG Obscures simple truths [#permalink] New post 21 Mar 2009, 03:57
Excellent article by Lewis. Especially, his closing paragraphs:

Quote:
Since the beginning of the crisis I’ve wondered why the government has found neither the will nor the way to attack the root of the problem -- the people who borrowed money to buy homes they shouldn’t have bought.

Now I think I understand. It would be too simple. People would understand a lot of small payments to the guy down the street who doesn’t deserve them, and become outraged. Far better to throw trillions at opaque corporations, the inner workings of which no one still really understands.
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Re: Mass Hysteria over AIG Obscures simple truths [#permalink] New post 28 Mar 2009, 08:29
I think this AIG controvesy is losing steam...both by the fact it is played out and by the fact that Obama admin wants it to go away......
Re: Mass Hysteria over AIG Obscures simple truths   [#permalink] 28 Mar 2009, 08:29
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