TL22

AIG's Bold Move and Why I'm Shorting the Long Bond

AIG has spit in the face of the taxpayer one too many times. The $450,000 excursion the executives took 1 week after the first $85 billion was committed was wrong. This cash bonus thing was also wrong. Period. If there was ever a year that an exec. shouldn't get their bonus, this is it. And if that means they leave, so be it, good luck finding another job.

The short bond trade looks interesting here. Many have been early on this trade, I'd be a seller if we get a blow off top type move.