From NYTimes.com: Propping Up a House of Cards
Another article about the disaster that’s AIG. The justification for saving AIG is that by saving them, we save ourselves. That AIG is so big that if they were to fail, it would bring down the entire financial system. That may be the case. But, shouldn’t that mean from now on, that we break up companies before they get this big or that we need to regulate these companies more than ever? This is going to be a quarter of a trillion dollar bailout and we really need to learn a lesson from this.
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