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links for 2009-03-18
Economist's View —
The Tipping Point? - The Baseline Scenario
Why are sports organised as winner-take-all tournaments? - voxeu.org
Fundamental attribution error - Econ Amore
AIG outrage - Econbrowser
Edward Liddy - Repairing AIG and Repaying the Public - washingtonpost
Needed: A Fiscal Framework--Not a Stimulus - Jeff Sachs
Financial extortion? - The Compulsive Theorist
Does Dark Energy Really Exist? - Scientific American
The Fall and ...
Some Morning Links
EconLog: Library of Economics and Liberty —
... . You should definitely read James Hamilton . But more shocking yet, at least if we measure these things in dollars and cents, is the amount of taxpayer funds that have gone to compensate AIG's counterparties for bets those counterparties never should have been allowed to make. From the indispensable ...
Wednesday links: bonus blowback
Abnormal Returns —
... is going to make other firms wary of going into business with the Feds. (WashingtonPost.com, Atlantic Business)
From the bad PR file. Hedge funds+AIG cash=Trouble. (WSJ.com)
Why AIG was not allowed to fail. In short, systemic risk. (Market Movers)
The news coming from AIG should not be a surprise. (Zero Hedge, Econbrowser)
The bonus issue, including paying ...
AIG Bonuses
Short-Term Trading —
... Obama's Agenda Taxing Bonuses: A Matter of Fundamental Fairness Furious lawmakers attack AIG bonuses Overall, AIG has paid $220 million in retention awards to its financial products employees — $55 million in December and $165 million had to be paid this month.The financial bailout program remains politically unpopular and has weighed down on Obama's new presidency, even though the plan began under former President George W. Bush. AIG outrage We are a country of law. There are contracts.... Binding contracts were entered ...
Scrivener.net — ... Frankly I've been kind of shocked by some of the normally reasonable and well-considered bloggers I read who've joined call for mob justice, as unjust and self-defeating and plain, yes, stupid, as it is -- such as at Econbrowser and ...
