When presented with stupefying numbers, it’s sometimes fun, and usually cathartic, to boil them down into more tangible figures, give them household values and nod our heads in wonder. Late last week, when word that AIG’s quarterly loss would come in at $60 billion or thereabouts, we started hitting the division key just to make […]
Posted on March 2nd, 2009 by
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In the past year, “nationalization” has gone from the unthinkable to the heavily debated. From the beginning, Nouriel Roubini of NYU’s Stern School has played an integral role in the discussion, having warned of its likelihood long before most p
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From The Business Insider, March 2, 2009: This morning the government officially announced plans to prop up AIG with another $30 billion, deeming the potential systemic risk of a collapse to be too great. Perhaps we should stop calling this a bailout of A
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Posted on March 2nd, 2009 by
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