Relevant and even prescient commentary on news, politics and the economy.

FYI: AIG’s new money deal

mmckinl mentioned the new AIG deal. Naked Capitalism has a post by Yves Smith regarding the new and improved AIG plan titled: The looting continues (Bannana republic watch). It reviews a WSJ article and notes that AIG is getting a rate cut (5.5 point reduction) with more money for a longer term (5 years instead […]