"The very design of the federal assistance to A.I.G. was that tens of billions of dollars of government money was funneled inexorably and directly to A.I.G.'s counterparties." A necropsy of the AIG deal, in the NYT. Spoiler: we lose. (lifted from Mitch Kapor)
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10:46 pm Mon
Nov 23, 2009
AIG necropsy: taxpayer billions, direct to their pockets.
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