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Category Archive: AIG

  1. AIG’s Mistakes!!!" rel="bookmark">Credit Default Swaps Are Good For Whom? Not Taxpayers Who Are Paying For AIG’s Mistakes!!!

    After today’s AIG news I am amazed that the Obama Admin­is­tra­tion hasn’t announced an imme­di­ate sus­pen­sion of the sale of new credit default swaps. Per­haps it will take a total melt­down of the finan­cial sys­tem for the gov­ern­ment to finally admit that War­ren Buf­fet was right, credit default swaps are weapons of finan­cial mass destruc­tion. […] [read full story]

    Posted in: AIG, Credit Default Swaps, Economic Statistics, economy, Finance
  2. Are We There Yet? No Way! (And How to Know When We Are There)

    Given the events of the past few days it is once again time to exam­ine the immor­tal ques­tion posed by chil­dren and traders alike, “are we there yet”? Nope, not yet, we aren’t there yet, not even close. The bot­tom hasn’t been found in the credit mar­kets or the stock mar­ket and, unfor­tu­nately, we still have […] [read full story]

    Posted in: AIG, BANKS, Credit Crisis, Economic Statistics, economy, Fannie Mae, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Lehman, Seeking Alpha, Stock Market