Will regulators ever coherently explain why AIG could not be allowed to go bankrupt in September of 2008?http://online.wsj.com/article/SB10001424052748704094304575029400270865426.html?mod=WSJ_Opinion_AboveLEFTTopRegulators did not see or ignored the problem as it grew, made bad/wrong decisions early, waited until the supposed critical hour to demand a massive cash influx from taxpayers, directly or indirectly bailed out the very firms they used to work for all while demanding to anyone who would listen that those "too big to fail" were a "systemic threat" to the system itself and required rescuing. Yet here we are, 14 months later, their former firms flush with cash, lending stagnant and they cannot get their story straight on what was the "systemic threat" of AIG. Fishy is not a strong enough description.
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
