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AIG and Faux Transparency
Image courtesy of flickr/John Wardell AIG disclosed some of the firms that benefited from the government bailout. Essentially, the government money was largely used to pay off other firms. I have a few...
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That Sinking Feeling
Image courtesy of flickr/David Wild AIG is back to the trough for another $30 billion. We already gave them $150 billion. AIG — supposedly a firm in the insurance business — got into trouble taking an...
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Brother, Can You Spare a Trillion?
Image courtesy of Wikimedia Commons The (in)famous Credit Default Swap (CDS) market provides the market’s best guess that an issuer will default on its debt. A low spread is good. A high spread is bad....
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