wakeup call

Bailout Alternatives

Completely agree with Bullgator. 72% of AIG shares were held by institutional investors. They paid a very high price to bail out Goldman. Gaithner is now under a microscope for his role now someones need to start looking at Paulson. The Fed guarantee route would have protected a significant amout of shareholder value which dropped from about $180 billion to about $3 billion all to protect Goldman against a cash call of about $20 billion.

Too Big to Fail - Even Greenspan Is Speaking Out

Has everyone forgotten that Citi was deemed too big to fail in the 90s after it suffered hugh real estate losses and Walid was allows to invest in a significant share to bail it out.