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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (33891)3/20/2009 10:09:07 AM
From: Spekulatius  Read Replies (1) of 78742
 
re AIG. I doubt the campaign contributions have much to do with it even though it is ironical that some of the biggest shouters (Dodd) have received the largest contributions. Big influential companies like AIG tend to contribute to just about anyone who has or is bound to have influence.

I agree that the AIG bankruptcy would have been cheaper in hindsight but he Fed could not have known in back September. if they had let AIG fail, they would have had to ringfence the fallout (which is worldwide) or the panic would have been incredible.
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