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The AIG Grilling

Having watched most of the grilling given to the AIG CEO, Edward Liddy, today I have a few thoughts: First: Liddy tried very hard to explain his decision to pay out those horrible bonuses. He argues that it was a risk management technique. His plan is to eliminate the division that caused all the problems, […]

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The Fed Steps In

At today’s Federal Reserve Open Market’s Committee [‘FOMC’] meeting the Federal Reserve Board announced some major policy moves designed to ease credit markets further. Here’s the official press release: FRB: Press Release–FOMC statement–March 18, 2009 What the FOMC has decided to do is to expand the Fed’s own balance sheet by a further $1.5 trillion […]

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AIG’s CEO Speaks:

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

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