Gleaned from the twittersphere: FT.com / Comment / Opinion – Ten principles for a Black Swan-proof world. Man some good common sense in here. Business plans a waste of time.…
Tag: Bailout
Dave Chen pointed me towards The Big Takeover, a great telling of the AIG story. People are pissed off about this financial crisis, and about this bailout, but they’re not…
Who is getting the bank bailout money – CNNMoney.com. Wow, $10.5Trillion so far. $35,000 from each US citizen’s pocket. To pay for years of poor decision making, greedy decision making.…
Buying Risky Assets | The Big Picture. — cogent picture explaining the program.
Ben was so right | The Big Picture. The backlash against AIG bonus backlash is in full swing. I for one am glad though that the bonus issue has exploded.…
“The latest admission from the (defunct yet living) company is that well over $100 billion in taxpayer monies has gone to counter-parties at 100 cents on the dollar — no…
“It’s time to let the sun shine in on this mess.” via Scott Loftesness: The AIG Firestorm Spreads. Hear hear.
The Big Picture | A Memo Found in the Street. Icahn is harsh too and advocates clawbacks. Gross willing to manage the assets for free so hopefully we don’t pay…
From Marginal Revolution: Economists Speak: As economists, we want to express to Congress our great concern for the plan proposed by Treasury Secretary Paulson to deal with the financial crisis.…
On the today show, the figure $900B was thrown around as the total cost of bailouts so far (Bear, Fannie and Freddie, AIG). That is about $3,000 for every citizen…