"If I don't believe in solipsism, who will?" - Al Batt
Friday, October 2, 2009
On the A.I.G. Collapse
If anyone wants to find out what really happened with A.I.G. and why we're all broke now, you can slog through this article in Vanity Fair (long).
Almost a year after A.I.G.’s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved—the silent, shell-shocked traders of the A.I.G. Financial Products unit—and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees. More