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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (460820)3/4/2009 5:51:26 AM
From: Road Walker1 Recommendation  Read Replies (2) of 1574797
 
Now, AIG clearly made mistakes as did others.

AIG sold 'insurance' that was backed by nothing... a 'gap in regulation' as Bernekie said yesterday. Nobody was home in the regulation regime for the last eight years. because 'the invisible hand' was supposed to correct any mistakes. Greenspan was 'shocked' that these institution wouldn't act in their 'long term self interest'; that there was a 'flaw in the model'.

Fess up i-node, all your cohorts are. You guys are directly responsible for this mess.
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