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# Mass Hysteria over AIG Obscures simple truths

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Senior Manager
Joined: 01 Mar 2009
Posts: 367

Kudos [?]: 96 [1], given: 24

Location: PDX
Mass Hysteria over AIG Obscures simple truths [#permalink]

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20 Mar 2009, 23:28
1
KUDOS
http://www.bloomberg.com/apps/news?pid= ... refer=home
_________________

In the land of the night, the chariot of the sun is drawn by the grateful dead

Kudos [?]: 96 [1], given: 24

VP
Joined: 05 Aug 2007
Posts: 1499

Kudos [?]: 211 [0], given: 22

Schools: NYU Stern '11
Re: Mass Hysteria over AIG Obscures simple truths [#permalink]

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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.

Kudos [?]: 211 [0], given: 22

Manager
Joined: 08 Mar 2009
Posts: 193

Kudos [?]: 23 [0], given: 0

Re: Mass Hysteria over AIG Obscures simple truths [#permalink]

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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......

Kudos [?]: 23 [0], given: 0

Re: Mass Hysteria over AIG Obscures simple truths   [#permalink] 28 Mar 2009, 08:29
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# Mass Hysteria over AIG Obscures simple truths

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