SubscribeElsewhere on The Exxchange: Bailout | Warren Buffett | US Treasury | Christopher Cox | Henry Paulson | Ben Bernanke | SEC | FDIC |
Opinion: Yves Smith: AIG Scandal: Fed as Chump or Fed as Crony? 
Huffington Post | by Yves Smith | Thu, Jan 28
2. They thought they had a better perspective on value than the banks themselves. This is staggering. They have NO idea how these deals are structured, no day-to-day involvement in the subprime, Alt-A, or commercial real estate markets. They are at a massive information disadvantage. The id...
Try These Related Topics
Try These Related Topics
Related News
Ben Protess: Congressman to AIG: Show Us Your E-mail
Henry Paulson Memoir 'On The Brink' Exclusive: Strongly Defends TARP, AIG Bailout, Praises Bush, Slams Palin
David Fiderer: Neil Barofsky's Eight Fraudulent Claims in His Report on the AIG Bailout
Tim Geithner Testimony: AIG Bailout Wasn't Intended To Benefit Individual banks
AIG Bailout: 2 Fed Governors Warned Against 'Gifts' To Banks, Documents Show
Ex-Treasury secretary Paulson, Friedman to testify in House about AIG bailout
Top Bloggers
Photo Gallery
Opinion: Yves Smith: AIG Scandal: Fed as Chump or Fed as Crony?
2. They thought they had a better perspective on value than the banks themselves. This is staggering. They have NO idea how these deals are structured, no day-to-day involvement in the subprime, Alt-A, or commercial real estate markets. They are at a massive information disadvantage. The id...
Thu, Jan 28 | from Huffington Post
