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 […]

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 […]