The Blame Game, Financial Meltdown Edition
There’s a lot to be said for personal responsibility, but now and again a round of the Blame Game is well-deserved and even necessary. In fact, a series of Time Magazine articles from earlier this year, that includes: In Defense of the Recession Blame Game, The Financial Crisis Blame Game, and 25 People to Blame [...]
AIG Crisis Is Hitting Close To Home
American International Group is facing a serious liquidity crisis and potentially a complete failure. However it’s being saved by the U.S. government who loaned $85 billion dollars to AIG and assumed 79.9% stake in the insurance company. Personally, I don’t like the idea of government bail out, because I believe these companies should have done [...]
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