As a follow-up to the previous post, we all remember the AIG bailout and the subsequent bonuses paid to their top employees. You know, the same employees who helped facilitate this huge financial crisis? Well it was less publicized at the time that AIG also pressured the Fed to let them make their trading partners [...]
It’s been said that some companies are too big to fail. In other words, no matter what they do by way of causing economic distress, letting them fail would be far worse than keeping them afloat. It’s an interesting theory that was recently targeted by a panel of economists in Washington D.C. They argue that [...]
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