Mar. 20th, 2009

lblanchard: (Default)
Well, this is nice. Now that the administration, Congress, and the press have whipped up public opinion to the point that there are hordes of angry citizens with pitchforks and torches outside AIG headquarters, we learn that we've been blaming the folks who are trying to unravel the mess, not the ones who made it:

http://www.washingtonpost.com/wp-dyn/content/article/2009/03/18/AR2009031804104.html?sid=ST2009031801503

These folks have walked back the mess at AIG so that we're looking at $1.7 trillion of bad investments rather than $2.7 trillion, and now their very lives are in danger. You need to read this. It's from the Washington Post, not the rightosphere.

I don't think this is going to end well.

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lblanchard

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