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Friday, June 11, 2010

AIG Rescue Might Have Been Avoided, Study Says


“A watchdog panel says it’s still not clear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc. and the government should have used up all its options before bailing out the crippled insurance titan.” (Washington Times , Friday)

But then Goldman Sachs wouldn’t have been bailed out.

FEE Timely Classic
“Too Big to Succeed” by Less Antman