EMS

Could the government let AIG (AIG) fail? Hard to say for sure without the facts, Baseline Scenario's James Kwak says. "The government by now has had six months to study the books of AIG and its major domestic counterparties. People are no longer willing to take it on faith that the future of the free world depends on an implicit blanket guarantee for AIG. At least we want to see some evidence."

P.S. I'll bet I'm not the only one who is irritaed by the fact that GS has had this inside track for the past year, and has been able to essentially "insider-trade" the market on this info. They should have been able to game the market thusly with short-term options and even on their on stock futures for billions, or else they are idiots.