Archive for November 17th, 2009

Just Some Random Musings On Today’s News

The day seemed to be dominated by much back and forth about Neil Barofsky’s report on the payment of 100% of AIG’s obligations to its counterparties. There was the usual outrage (Yves Smith), some surprising moderation (Felix Salmon), an intriguing suggestion that the ultimate beneficiaries weren’t Goldman, Merrill etal. but the firms that had hedged [...]

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