The Fed’s stepping in to save AIG. Guess we just can’t let the world’s largest insurer tank. Huh.
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AshPolitics · Facts, Musings, and the Occasional Rant on Election ’08
I don’t think the Fed has a choice because the ramifications if they had not intervened, the impact would have been felt around the world. When the financial markets have settled down, there needs to be a period of reflection and if necessary, more regulation and oversight in the this sector.