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 […]

OK now that we’ve managed to get the mob really riled up, maybe someone should take a look at the consequences of this tax. Set aside its constitutionality, I am assuming others will check that out, we should think through what its impact s likely to be on the traders whose bonuses are now being […]

A quick update on the supposed ‘bailout’ of foreign banks via AIG. The problem with using the word ‘bailout’ here is that it is not fully accurate, even though it loosely describes what went on. I would prefer we reserve the word for situations where taxpayer money is used to prevent an organization from filing […]