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angrybear.blogspot.com - 12/30/2008
WAPO on AIG
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Robert Waldmann Over at the Washington Post, Robert O'Harrow Jr. and Brady Dennis have a fairly interesting first of 3 articles on what went wrong at AIG. Of course, they tend to stress personalities and personal conflicts, but hey do slip in some good points about economics. I'd say the key ...
washingtonpost.com - 12/31/2008
A Crack in The System
— washingtonpost.com — By 1998, AIG Financial Products had made hundreds of millions of dollars and had captured Wall Street's... attention with its precise, finely balanced system for managing risk. Then it subtly turned in a dangerous direction. By Brady Dennis and Robert ... (more) A Crack in The System

Comments vote down Paul Kedrosky's Infectious Greed found this 12/31/2008found this
ritholtz.com - 12/30/2008
AIG’s Financial Products Division
— ritholtz.com — I’m fascinated by this huge article in the Washington Post called The Beautiful Machine . Its about... AIG’s Financial Products divisions, a hugely profitable operation specializing in derivatives, with roots in Drexel Burnham, that traces ... (more) AIG’s Financial Products Division

Comments vote down FiNTAG - Hedge Fund News, Views, Opinions and ... found this 12/30/2008found this
traderdaily.com - 12/31/2008
AIG Seeks Fed Relief on Asset Sales
— traderdaily.com — AIG, the insurer bailed out by the US government, is prepared to ask the Federal Reserve to... relax rules on its $60bn-plus disposals programme to allow bidders to use a greater proportion of shares to pay for its assets. People close to the ... (more) AIG Seeks Fed Relief on Asset Sales

Comments vote down Emini Addict found this 12/31/2008found this

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Economist's View:  links for 2008-12-30

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Blog Reactions

links for 2008-12-30
Economist's View — Optimal fiscal policy in a liquidity trap (ultra-wonkish) - Paul Krugman Farming's Sudden Feasts and Famines - WSJ.com Bankers Don’t Need Politicians Meddling in Loans - John M. Berry Our ailing economy - George Loewenstein WAPO on AIG - Angry Bear GMAC Receives $5 Billion in Government Aid - NYTimes.com Labor Costs - Beth Mowry and Murat Tasci - FRB Cleveland Intelligence in the Animal Kingdom - Scientific American ...

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