New York Times Sunday Magazine

AIG: Liquidate it Already

Hoist by Our Own Petard (Bailout Money) Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. –Depression-era Treasury Secretary Andrew Mellon Andrew Mellon, President Herbert Hoover’s Treasury Secretary, would have known what to do about AIG: liquidate it. Doing so a year ago would have spared taxpayers the spectacle (obscenity, really) of bailed-out TARP...
Read More