Understanding the credit crisis
This article is helpful in understanding how we got were we are and it is truly amazing how big this Credit default swaps market was. $45 TRILLION DOLLARS! All unregulated. Related Images:
What about these people! American Tax payers paying for rich people’s mistakes on AIG.
This is the real story that is not getting told. People at AIG and JP Morgan and these other firms were making millions of dollars personally and for their companies by misrepresenting risk or just doing a bad job. And what is so typical in business today, no one stepped …
Alaska is not lost afterall.
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Wow! Government taking over Insurance Company
It is hard to believe that a Republican administration is nationalizing a huge company. What happened to the privitization of everything that moves? There is no policy or ideology or principle that is stronger than greed. The Federal Reserve and the Bush administration believe the threat ofdefaults by A.I.G. on …
EPA NOT working
This is so sad. It will be 26 years between updates of the EPA rules for reporting beach health hazards to the public. Meanwhile people suffer and risk their health. Talk about a government function that is not working for its people. In the meantime, lets bail out the companies …