Who could have predicted that putting the people who caused the problem in charge of fixing the problem would go so wrong? Say goodnight, Timothy.
Meanwhile, the situation at AIG may be much, much worse than anyone is admitting, while Kos and Josh Marshall are making sense: the real issues remain immediate triage of the economy, long-term systemic reform, and criminal prosecution of the widespread malfeasance throughout the financial sector. The bonuses suck, but they're really secondary. Let's not lose focus.
Wednesday, March 18, 2009
Posted by Gerry Canavan at 10:05 PM
Labels: AIG, Barack Obama, bonuses, crime, debt, liquidity crisis, politics, the bailout, Timothy Geithner, Wall Street, worst financial crisis since World War II
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