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 […]

The financial system is in tatters. It deserves to be. Yet scarcely a day passes without some key figure within the banking or broader financial world saying something breathtakingly arrogant. These people are truly nasty and disconnected from reality. It seems not enough for them to have destroyed the various companies they run. Or to […]

The Washington Post is reporting that AIG rage has officially arrived in suburban Connecticut where AIG Financial Products Division has offices. Here’s the story:Rage at AIG Swells As Bonuses Go Out I have no concern whatever for these ‘poor’ folks who are now receiving threatening e-mails and so on. Their behavior was sociopathic. They held […]