AIG Tries to Bury (the latest) Bad News Anyone reading the *Sunday papers is likely to notice the blaring headlines: AIG senior executives are being paid millions in bonuses. That, notwithstanding the almost $200 billion of taxpayer money already injected into the company. What’s interesting, though, is how the news first broke online, then changed...Read More
Friedman’s Prescription: ‘Painful and Quick’ ActionAdd Tom Friedman to the very short list of commentators who: a) understand what just happened in — and to — the global financial system; and b) actually have some sort of coherent proposal about what to do about it. According to Friedman, we have just witnessed a “nuclear financial...Read More
“Voting” your Home, or Your 401(k)?New York Times business columnist Floyd Norris has a provocative piece today titled “Housing Prices and McCain”: http://norris.blogs.nytimes.com/ Norris’ premise is that Obama defections are likeliest in “red” states where home prices have dropped the most. Could be, although you’d be hard-pressed to isolate just one factor in causing a...Read More
