bsharvy

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  • The Nationalization of AIG
    It's probably a meaningless stake, since all those profitable assets have to be sold to pay the debt. The main thing is get the $85 billion back. If there's a profitable company left at the end, that's gravy.
    Sep 17 04:53 am |Rating: 0 0 |Link to Comment |View article
  • The Nationalization of AIG
    " I think the government is doing pretty good to pick and choose its spots to intervene. Yeah, we should criticize the lawlessness that got us in an overleveraged, derivative driven state, but now that we're here, what else can the government do? "

    What else the government can do is: Be fair. Tell bond/stock holders of Lehman that the government should pick & choose who to screw and who to rescue. Tell the shareholders of smaller mortgage insurers that its OK for the government to rescue the bigger, richer corproations, but the little guys can eat it.

    BTW, corporate welfare isn't socialism.
    Sep 17 00:43 am |Rating: 0 0 |Link to Comment |View article
  • Federal Reserve Buys AIG
    Bernanke wasn't directly involved; this is a Paulson lie.
    Sep 16 22:34 pm |Rating: 0 0 |Link to Comment |View article
  • Lehman's Collapse: Broader Economic Damage Unlikely
    Good article. But Exxon and Microsoft selling stuff doesn't mean that the balance sheets of financial firms are irrelevant.
    Sep 15 18:21 pm |Rating: 0 0 |Link to Comment |View article
  • AIG: The Mark-to-Lehman Market
    Lehman has good assets it can sell too. That's not the problem. The problem is crap assets + high leverage. How does AIG do on that score?
    Sep 13 09:17 am |Rating: 0 0 |Link to Comment |View article

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