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Never Send a Boy to Do a Man's Job
epicureandealmaker.blogspot.com - 29 days ago
Never Send a Boy to Do a Man's Job
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Interesting article over at Bloomberg.com this morning. Did you see it? Oct. 27 (Bloomberg) — In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that ...
Shock and Awe
epicureandealmaker.blogspot.com - 27 days ago
Shock and Awe
— epicureandealmaker.blogspot.com — What the hell did I ever do to piss Steve Randy Waldman off? I tell you honestly,... Dear Readers, my afternoon conversation with this genial and intelligent gentleman started unremarkably enough, with a little playful banter in the Twitterverse on ... (more) Shock and Awe

Comments vote down Abnormal Returns found this 27 days agofound this
online.wsj.com - 28 days ago
In Reversal of Fortune, AIG Recoups Collateral
— online.wsj.com — After shelling out billions of dollars to Wall Street banks last year on souring trades, American International... Group Inc. has gotten some of that money back, thanks to a turnaround in the very securities that helped level the insurer. Billions of ... (more) In Reversal of Fortune, AIG Recoups Collateral

Comments vote down Between the Hedges found this 28 days agofound this
nakedcapitalism.com - 25 days ago
“How Goldman secretly bet on the U.S. housing crash” (AIG as Bagholder Watch)
— nakedcapitalism.com — McClatchy, which was the only major US news organization to question the Iraq war until is was... obvious to all that it was a misguided exercise in neocon hubris, has started a series on Goldman’s famed “short subprime” exercise. ... (more) “How Goldman secretly bet on the U.S. housing crash” ...

Comments vote down Abnormal Returns found this 25 days agofound this

Blog Reactions

naked capitalism:  Links 10/28/09

FT Alphaville:  Further reading

Abnormal Returns:  Wednesday links: stale prices

Comments
Blog Reactions

Links 10/28/09
naked capitalism — Australia coastal living at risk BBC (hat tip reader John D) Antipsychotic Drugs in Kids Linked to Weight Gain Bloomberg These comments from DoctoRx: These drugs are wildly overprescribed because Obama’s new friends push and then push some more to get MDs to prescribe probably the single most overpriced class of drugs on the entire planet to helpless kids. The overuse of psychiatric drugs is a huge scandal-bad for national health and wealth. In addition, the use of antipsychotics in the demented elderly has been proven wildly unsafe, but they continue to be widely prescribed. Guess why? 5 years ago a single ...

Further reading
FT Alphaville — ... to pay for AIG swaps. - “Tim Geithner and pals left up to thirteen billion dollars of taxpayer money just sitting on the table? Why?” - ...

Wednesday links: stale prices
Abnormal Returns — ... We need some better options than simply bailing out GMAC (again).  (Clusterstock, Baseline Scenario, Fund My Mutual Fund, Rolfe Winkler, Atlantic Business) Why again did the Feds pay off AIG (AIG) swap counterparties in whole?  (Clusterstock, Washington Post, Atlantic Business, Epicurean Dealmaker) Norway is the third country ...

Related: what did the american government do to rescue the banks?
Bill Seeks to Shift Rescue Costs to Big Banks — DealBook
The Obama administration and the head of an important House committee unveiled legislation on Tuesday to give the government broad new powers to shift the cost of rescues of big, troubled financial institutions from taxpayers to other large companies.