I make no comment. Here is AIG’s CEO Edward Liddy in today’s Washington Post:Edward M. Liddy – Repairing AIG and Repaying the Public

Wow. AIG is some organization. Is it me, or is there nothing else going on? All the newspapers want to focus on is AIG all the time. It has become to poster child of the chaotic collapse of the Reagan era of deregulated, free-wheeling, Wall Street obsessed, ‘anything goes’ economics. Given the enormity of the […]

OK guys I have a plan. Don’t laugh. The problem with this whole AIG mess is that the management there is hanging onto profitable parts of the company so that they can resurrect AIG after the taxpayers have helpfully paid off all the rotten stuff. Or at least that seems to be what’s going on […]