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Why Paulson Blinked on AIG

Started by washingtonindependent · 9 months ago

COMMENTARY
Sec. Henry Paulson saved AIG to avoid a brutal restructuring of the credit default swap market. ... Continue reading »

2 comments

  • A splendid piece by the author whose recent gem of a book - The Trillion Dollar Meltdown - does for today's crisis what Galbraith's classic 1950's book did for the Great Depression.

    And Morris is a better, wittier and more intelligent writer. And I am not his agent.
  • I sure hope he does, because sooner or later it's gonna burst just like every other tumor and the longer you wait the more pus oozes out and rots...

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