The asset rescue plan that will be unveiled by this week has already been leaked sufficiently that we can decide whether it is any good. The answer is, I am afraid, that is a bad plan. Rubbish in fact. I have mentioned before that it seems the administration has a much more benign view of […]

I think I agree with Daniel gross of Slate Magazine: Why Congress’ confrontation with AIG’s CEO was a failure. Congressional grandstanding has only added to the fury surrounding AIG. Death threats to current AIG traders have become commonplace and even their kids are being harassed. None of the histrionics is getting us anywhere. Instead it […]