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 I-84 & I-91
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Relayed, without much further comment, from Insurance Journal: American International Group Inc. is slashing prices to win new business, industry insiders say, raising concerns that taxpayers could again be left to pick up the tab. […] In the wake of its federal bailout, which last month swelled to more than $150 billion, industry executives say AIG has [...] 
One of the problems with working a day job is that it interferes with blogging. Sadly, for bloggers like me whose interests are too unfocused and whose writing style is rather amateurish, the day job pays better. While I was away, I flagged several articles I could point at, or topics I could write [...]
Before the market went “splat” today, it seems that there was still quite a bit of grumbling floating around about AIG’s boondoggle for agents which took place after their bailout. Quoting Business Insurance: Sen. Baucus asked Mr. Bernanke to explain what controls over AIG management the Fed is able to exert and requested that answers be [...] 
My lovely wife has informed me that “Über” is like so yesterday. She insists that the bailout henceforth be called the “Pigs in a Blanket Bailout”, due to the amount of pork added to buy enough support for passage.
KagroX at Daily Kos has been posting a summary of the Senate debate on their version of the bailout bill. A few of the items found tucked into the bill include: Page 279 — Rum excise tax to Puerto Rico and the Virgin Islands Page 280 — Mine rescue / mine safety Page 290 — Motorsports racing track facility Page [...]
Seen at Donklephant: I think we can continue to admire and support the power of free market economics while also recognizing the need for a certain level of government regulation and financial backing. A bailout is needed at the moment. After that, we can work on reforming the rat’s nest of regulations that currently exist. The [...]
Yea! We made it through the weekend without any major financial failures! Instead, it sounds like our fearless leaders and pundits (professional and armchair alike) are discussing Secretary Paulson’s request for $700 billion to buy toxic assets out of financial institutions’ portfolios. Reaction seems to be focused in two realms – the “no bailouts” camp and the [...] |
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