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How the Bailouts Should Have Gone
I did a short interview with Rick Newman of US News on the state of Bailouts. Here is a quick excerpt: “The ideal bailout is not a bailout of reckless financiers. It’s like the government equivalent of a hospice for dying companies, involving no taxpayer money and no moral hazard. ...
AIG is Dead; Long Live AIG!
AIG is Dead; Long Live AIG!
alephblog.com — When Robert Benmosche was named CEO of AIG, I thought it was a good thing. Ed Liddy,... possibly tired of the abuse, wanted to move on. Liddy was primarily skilled with personal lines P&C insurance, which was a small part of AIG, and has been sold off. Benmosche’s skills extend to ... (more) AIG is Dead; Long Live AIG!
How the Bailouts Could Have Gone Better - Rick Newman (usnews.com)
usnews.com — Did they work? With the financial meltdown finally contained and the Year of the Bailout drawing to... a close, we can start to make some meaningful assessments about whether hundreds of corporate rescue packages did more harm than good. It's probably ... (more) How the Bailouts Could Have Gone Better - Rick Newman ...
The Jump in AIG Shares - MarketBeat
blogs.wsj.com — Shares of American International Group Inc. climbed as much as 25% today amid increasing optimism and reports... that Chief Executive Robert Benmosche has been talking with former CEO Maurice “Hank” Greenberg for months. Reuters reported late Wednesday ... (more) The Jump in AIG Shares - MarketBeat
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A Better Way
Bear Mountain Bull — ... taken over. It’s on to the next issue—so now we’ve got a healthcare reform debate. They should have taken care of the first crying baby before picking up the next one. Do you think anything good will come out of all this? No. Benjamin Disraeli said, “The one thing we learn from history is that we learn nothing from history.” My biggest fear is we revert to business as usual—until the next crisis. “My biggest fear is we revert to business as usual”. I think we already have. Pointer from Barry’s blog , The Big Picture. Imagine that!

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